2023 LRD to NOK Historical Review

YEARLY HIGH

0.0681 NOK

YEARLY LOW

0.0536 NOK

YEARLY AVERAGE

0.0608 NOK

2023 LRD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 24, valuing the pair at 0.0681. Conversely, the yearly low was recorded on December 27, dropping to 0.0536.

This high-to-low spread represents a total annual volatility of 0.0145 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0639 to the December average rate of 0.0559, the exchange rate registered a net change of -12.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0681 was down 3.81% compared to the 2022 peak of 0.0708, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 340 NOK

2022 Average 314 NOK

Yearly Trough Low 268 NOK

Transaction Impact: A difference of 72.35 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0671

0.0549

JanuMarcMayJulySeptNove

LRD 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 0.0644, compared to 0.0571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.0644

H2 Avg (Jul–Dec) 0.0571

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0057 NOK (High: 0.0654 / Low: 0.0596). On the other end, September was the most stable month, with a tight range of 0.0009 NOK (High: 0.0581 / Low: 0.0571).

June Spread (Volatile) ±0.0057

September Spread (Stable) ±0.0009

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 0.0058 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0661) against the same month in 2022 (average: 0.0575), the exchange rate shifted by +0.0086 (+14.91%).

2023 Avg (March) 0.0661

2022 Avg (March) 0.0575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0664	0.0626	0.0639
February	0.0679	0.0630	0.0655
March	0.0681	0.0641	0.0661
April	0.0653	0.0633	0.0644
May	0.0664	0.0631	0.0648
June	0.0654	0.0596	0.0618
July	0.0597	0.0541	0.0560
August	0.0577	0.0543	0.0562
September	0.0581	0.0571	0.0576
October	0.0599	0.0574	0.0589
November	0.0598	0.0564	0.0581
December	0.0583	0.0536	0.0559