2023 HUF to NOK Historical Review

YEARLY HIGH

0.0324 NOK

YEARLY LOW

0.0262 NOK

YEARLY AVERAGE

0.0299 NOK

2023 HUF to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.0324. Conversely, the yearly low was recorded on January 2, dropping to 0.0262.

This high-to-low spread represents a total annual volatility of 0.0062 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0271 to the December average rate of 0.0301, the exchange rate registered a net change of 10.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0324 was up 13.36% compared to the 2022 peak of 0.0286, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 32,411 NOK

2022 Average 25,883 NOK

Yearly Trough Low 26,182 NOK

Transaction Impact: A difference of 6,228.80 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0320

0.0267

JanuMarcMayJulySeptNove

HUF 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 0.0298, compared to 0.0301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0298

H2 Avg (Jul–Dec) 0.0301

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0027 NOK (High: 0.0315 / Low: 0.0287). On the other end, November was the most stable month, with a tight range of 0.0010 NOK (High: 0.0316 / Low: 0.0306).

July Spread (Volatile) ±0.0027

November Spread (Stable) ±0.0010

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 0.0016 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0315) against the same month in 2022 (average: 0.0263), the exchange rate shifted by +0.0052 (+19.77%).

2023 Avg (May) 0.0315

2022 Avg (May) 0.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0279	0.0262	0.0271
February	0.0290	0.0279	0.0285
March	0.0300	0.0287	0.0293
April	0.0315	0.0297	0.0307
May	0.0324	0.0310	0.0315
June	0.0322	0.0308	0.0316
July	0.0315	0.0287	0.0300
August	0.0305	0.0285	0.0297
September	0.0301	0.0288	0.0296
October	0.0310	0.0291	0.0301
November	0.0316	0.0306	0.0311
December	0.0311	0.0293	0.0301