2023 FKP to NOK Historical Review

YEARLY HIGH

13.8814 NOK

YEARLY LOW

11.8412 NOK

YEARLY AVERAGE

13.1333 NOK

2023 FKP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 13.8814. Conversely, the yearly low was recorded on January 1, dropping to 11.8412.

This high-to-low spread represents a total annual volatility of 2.0402 NOK. From a start-to-finish perspective, comparing the January average rate of 12.1523 to the December average rate of 13.3186, the exchange rate registered a net change of 9.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.8814 was up 12.80% compared to the 2022 peak of 12.3059, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 69,407 NOK

2022 Average 59,248 NOK

Yearly Trough Low 59,206 NOK

Transaction Impact: A difference of 10,200.91 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.7859

12.0038

JanuMarcMayJulySeptNove

FKP 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 12.9181, compared to 13.3486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4305 points.

H1 Avg (Jan–Jun) 12.9181

H2 Avg (Jul–Dec) 13.3486

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.8682 NOK (High: 13.7815 / Low: 12.9133). On the other end, February was the most stable month, with a tight range of 0.2701 NOK (High: 12.4996 / Low: 12.2295).

December Spread (Volatile) ±0.8682

February Spread (Stable) ±0.2701

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 June and July, when the average rate fell by 0.3945 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3945

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 13.4897) against the same month in 2022 (average: 11.9461), the exchange rate shifted by +1.5436 (+12.92%).

2023 Avg (May) 13.4897

2022 Avg (May) 11.9461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3240	11.8412	12.1523
February	12.4996	12.2295	12.3626
March	13.0731	12.4825	12.7897
April	13.4065	12.7685	13.0766
May	13.8814	13.2492	13.4897
June	13.8508	13.4233	13.6374
July	13.7141	12.8885	13.2429
August	13.5802	12.9254	13.3033
September	13.4755	13.0235	13.2898
October	13.5786	13.0733	13.3883
November	13.7534	13.3816	13.5484
December	13.7815	12.9133	13.3186