2023 ETB to NOK Historical Review

YEARLY HIGH

0.2049 NOK

YEARLY LOW

0.1796 NOK

YEARLY AVERAGE

0.1929 NOK

2023 ETB to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.2049. Conversely, the yearly low was recorded on December 27, dropping to 0.1796.

This high-to-low spread represents a total annual volatility of 0.0253 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1851 to the December average rate of 0.1873, the exchange rate registered a net change of 1.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2049 was down 1.00% compared to the 2022 peak of 0.2069, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,024 NOK

2022 Average 925 NOK

Yearly Trough Low 898 NOK

Transaction Impact: A difference of 126.26 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2002

0.1837

JanuMarcMayJulySeptNove

ETB 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 0.1937, compared to 0.1921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1937

H2 Avg (Jul–Dec) 0.1921

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0165 NOK (High: 0.1961 / Low: 0.1796). On the other end, September was the most stable month, with a tight range of 0.0034 NOK (High: 0.1958 / Low: 0.1924).

December Spread (Volatile) ±0.0165

September Spread (Stable) ±0.0034

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 0.0101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1989) against the same month in 2022 (average: 0.1858), the exchange rate shifted by +0.0130 (+7.01%).

2023 Avg (May) 0.1989

2022 Avg (May) 0.1858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1912	0.1826	0.1851
February	0.1942	0.1843	0.1908
March	0.2016	0.1925	0.1960
April	0.1992	0.1888	0.1939
May	0.2049	0.1929	0.1989
June	0.2039	0.1917	0.1977
July	0.1967	0.1820	0.1876
August	0.1950	0.1839	0.1902
September	0.1958	0.1924	0.1943
October	0.2012	0.1924	0.1978
November	0.2012	0.1903	0.1956
December	0.1961	0.1796	0.1873