2023 DJF to NOK Historical Review

YEARLY HIGH

0.0632 NOK

YEARLY LOW

0.0551 NOK

YEARLY AVERAGE

0.0594 NOK

2023 DJF to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.0632. Conversely, the yearly low was recorded on January 1, dropping to 0.0551.

This high-to-low spread represents a total annual volatility of 0.0081 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0558 to the December average rate of 0.0590, the exchange rate registered a net change of 5.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0632 was up 3.01% compared to the 2022 peak of 0.0613, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 316 NOK

2022 Average 270 NOK

Yearly Trough Low 275 NOK

Transaction Impact: A difference of 40.50 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0625

0.0552

JanuMarcMayJulySeptNove

DJF 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 0.0589, compared to 0.0599 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) 0.0589

H2 Avg (Jul–Dec) 0.0599

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0048 NOK (High: 0.0608 / Low: 0.0560). On the other end, September was the most stable month, with a tight range of 0.0010 NOK (High: 0.0608 / Low: 0.0598).

July Spread (Volatile) ±0.0048

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 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 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0614) against the same month in 2022 (average: 0.0569), the exchange rate shifted by +0.0045 (+7.88%).

2023 Avg (November) 0.0614

2022 Avg (November) 0.0569

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0578	0.0551	0.0558
February	0.0587	0.0557	0.0576
March	0.0610	0.0583	0.0593
April	0.0606	0.0578	0.0591
May	0.0629	0.0590	0.0608
June	0.0624	0.0590	0.0606
July	0.0608	0.0560	0.0579
August	0.0602	0.0570	0.0589
September	0.0608	0.0598	0.0603
October	0.0629	0.0601	0.0619
November	0.0632	0.0597	0.0614
December	0.0616	0.0568	0.0590