2023 NOK to PHP Historical Review

YEARLY HIGH

5.6895 PHP

YEARLY LOW

4.9873 PHP

YEARLY AVERAGE

5.2701 PHP

2023 NOK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 5.6895. Conversely, the yearly low was recorded on November 9, dropping to 4.9873.

This high-to-low spread represents a total annual volatility of 0.7022 PHP. From a start-to-finish perspective, comparing the January average rate of 5.5347 to the December average rate of 5.2837, the exchange rate registered a net change of -4.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 5.6895 was down 6.16% compared to the 2022 peak of 6.0629, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28,447 PHP

2022 Average 28,377 PHP

Yearly Trough Low 24,937 PHP

Transaction Impact: A difference of 3,510.81 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5.5771

5.0685

JanuMarcMayJulySeptNove

NOK to PHP 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 5.2789, compared to 5.2614 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0175 points.

H1 Avg (Jan–Jun) 5.2789

H2 Avg (Jul–Dec) 5.2614

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.4585 PHP (High: 5.5016 / Low: 5.0431). On the other end, September was the most stable month, with a tight range of 0.0995 PHP (High: 5.3375 / Low: 5.2380).

December Spread (Volatile) ±0.4585

September Spread (Stable) ±0.0995

Growth Streaks & Declines

Trends

Between May and August, 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 January and February, when the average rate fell by 0.1817 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1817

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 5.5347) against the same month in 2022 (average: 5.7867), the exchange rate shifted by -0.2520 (-4.35%).

2023 Avg (January) 5.5347

2022 Avg (January) 5.7867

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	5.6895	5.4526	5.5347
February	5.4720	5.2458	5.3530
March	5.3304	5.0788	5.1950
April	5.3775	5.1757	5.2592
May	5.2978	5.0381	5.1591
June	5.3138	5.0565	5.1722
July	5.4684	5.1423	5.3415
August	5.5393	5.2709	5.3768
September	5.3375	5.2380	5.2935
October	5.2887	5.0725	5.1620
November	5.2289	4.9873	5.1109
December	5.5016	5.0431	5.2837

२०२५ भारतीय रुपया ते ब्रिटिश पाउंड ऐतिहासिक आढावा