2023 BTN to NOK Historical Review

YEARLY HIGH

0.1353 NOK

YEARLY LOW

0.1185 NOK

YEARLY AVERAGE

0.1279 NOK

2023 BTN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.1353. Conversely, the yearly low was recorded on January 1, dropping to 0.1185.

This high-to-low spread represents a total annual volatility of 0.0167 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1213 to the December average rate of 0.1262, the exchange rate registered a net change of 4.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1353 was up 1.27% compared to the 2022 peak of 0.1336, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BTN based on timing:

Yearly Peak High 676 NOK

2022 Average 611 NOK

Yearly Trough Low 593 NOK

Transaction Impact: A difference of 83.66 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1334

0.1202

JanuMarcMayJulySeptNove

BTN to NOK Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1274, compared to 0.1284 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.1274

H2 Avg (Jul–Dec) 0.1284

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0118 NOK (High: 0.1319 / Low: 0.1202). On the other end, September was the most stable month, with a tight range of 0.0018 NOK (High: 0.1301 / Low: 0.1283).

July Spread (Volatile) ±0.0118

September Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0060 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1314) against the same month in 2022 (average: 0.1242), the exchange rate shifted by +0.0072 (+5.77%).

2023 Avg (May) 0.1314

2022 Avg (May) 0.1242

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1240	0.1185	0.1213
February	0.1262	0.1206	0.1241
March	0.1314	0.1255	0.1282
April	0.1322	0.1249	0.1283
May	0.1353	0.1279	0.1314
June	0.1342	0.1278	0.1313
July	0.1319	0.1202	0.1253
August	0.1300	0.1224	0.1265
September	0.1301	0.1283	0.1293
October	0.1348	0.1288	0.1323
November	0.1347	0.1274	0.1311
December	0.1315	0.1212	0.1262