2023 CVE to NOK Historical Review

YEARLY HIGH

0.1087 NOK

YEARLY LOW

0.0948 NOK

YEARLY AVERAGE

0.1034 NOK

2023 CVE to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.1087. Conversely, the yearly low was recorded on January 1, dropping to 0.0948.

This high-to-low spread represents a total annual volatility of 0.0139 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0969 to the December average rate of 0.1039, the exchange rate registered a net change of 7.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1087 was up 11.44% compared to the 2022 peak of 0.0976, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 544 NOK

2022 Average 457 NOK

Yearly Trough Low 474 NOK

Transaction Impact: A difference of 69.71 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1076

0.0959

JanuMarcMayJulySeptNove

CVE 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 0.1025, compared to 0.1044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.1025

H2 Avg (Jul–Dec) 0.1044

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0062 NOK (High: 0.1073 / Low: 0.1011). On the other end, September was the most stable month, with a tight range of 0.0029 NOK (High: 0.1049 / Low: 0.1020).

December Spread (Volatile) ±0.0062

September Spread (Stable) ±0.0029

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 0.0028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1066) against the same month in 2022 (average: 0.0931), the exchange rate shifted by +0.0135 (+14.55%).

2023 Avg (November) 0.1066

2022 Avg (November) 0.0931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0983	0.0948	0.0969
February	0.1013	0.0975	0.0994
March	0.1046	0.0995	0.1022
April	0.1063	0.1012	0.1043
May	0.1086	0.1042	0.1064
June	0.1074	0.1017	0.1058
July	0.1065	0.1005	0.1030
August	0.1056	0.1006	0.1036
September	0.1049	0.1020	0.1039
October	0.1076	0.1028	0.1053
November	0.1087	0.1051	0.1066
December	0.1073	0.1011	0.1039