2023 MDL to NOK Historical Review

YEARLY HIGH

0.6301 NOK

YEARLY LOW

0.5112 NOK

YEARLY AVERAGE

0.5840 NOK

2023 MDL to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.6301. Conversely, the yearly low was recorded on January 1, dropping to 0.5112.

This high-to-low spread represents a total annual volatility of 0.1189 NOK. From a start-to-finish perspective, comparing the January average rate of 0.5227 to the December average rate of 0.5973, the exchange rate registered a net change of 14.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6301 was up 12.59% compared to the 2022 peak of 0.5596, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,150 NOK

2022 Average 2,546 NOK

Yearly Trough Low 2,556 NOK

Transaction Impact: A difference of 594.40 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6198

0.5138

JanuMarcMayJulySeptNove

MDL 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 0.5715, compared to 0.5965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0250 points.

H1 Avg (Jan–Jun) 0.5715

H2 Avg (Jul–Dec) 0.5965

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0432 NOK (High: 0.6215 / Low: 0.5783). On the other end, September was the most stable month, with a tight range of 0.0193 NOK (High: 0.6031 / Low: 0.5838).

December Spread (Volatile) ±0.0432

September Spread (Stable) ±0.0193

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0284 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.6109) against the same month in 2022 (average: 0.5263), the exchange rate shifted by +0.0847 (+16.09%).

2023 Avg (November) 0.6109

2022 Avg (November) 0.5263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5345	0.5112	0.5227
February	0.5550	0.5265	0.5459
March	0.5793	0.5499	0.5663
April	0.5978	0.5617	0.5825
May	0.6300	0.5895	0.6086
June	0.6235	0.5869	0.6030
July	0.5903	0.5498	0.5747
August	0.6044	0.5729	0.5925
September	0.6031	0.5838	0.5969
October	0.6210	0.5868	0.6067
November	0.6301	0.5977	0.6109
December	0.6215	0.5783	0.5973