2023 BWP to NOK Historical Review

YEARLY HIGH

0.8287 NOK

YEARLY LOW

0.7526 NOK

YEARLY AVERAGE

0.7907 NOK

2023 BWP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.8287. Conversely, the yearly low was recorded on December 27, dropping to 0.7526.

This high-to-low spread represents a total annual volatility of 0.0761 NOK. From a start-to-finish perspective, comparing the January average rate of 0.7770 to the December average rate of 0.7785, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8287 was up 1.15% compared to the 2022 peak of 0.8193, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,144 NOK

2022 Average 3,885 NOK

Yearly Trough Low 3,763 NOK

Transaction Impact: A difference of 380.48 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8098

0.7732

JanuMarcMayJulySeptNove

BWP 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 0.7939, compared to 0.7876 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 0.7939

H2 Avg (Jul–Dec) 0.7876

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0508 NOK (High: 0.8034 / Low: 0.7526). On the other end, September was the most stable month, with a tight range of 0.0153 NOK (High: 0.7944 / Low: 0.7791).

December Spread (Volatile) ±0.0508

September Spread (Stable) ±0.0153

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0282 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0282

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.8068) against the same month in 2022 (average: 0.7735), the exchange rate shifted by +0.0333 (+4.31%).

2023 Avg (November) 0.8068

2022 Avg (November) 0.7735

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8016	0.7649	0.7770
February	0.8021	0.7688	0.7833
March	0.8179	0.7846	0.7971
April	0.8167	0.7844	0.8005
May	0.8171	0.7861	0.8027
June	0.8155	0.7869	0.8029
July	0.7973	0.7566	0.7767
August	0.7971	0.7536	0.7762
September	0.7944	0.7791	0.7862
October	0.8199	0.7781	0.8009
November	0.8287	0.7845	0.8068
December	0.8034	0.7526	0.7785