2023 NAD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NAD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NAD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 75.4591. Conversely, the yearly low was recorded on November 13, dropping to 65.9133.
This high-to-low spread represents a total annual volatility of 9.5458 KRW. From a start-to-finish perspective, comparing the January average rate of 72.7604 to the December average rate of 69.6615, the exchange rate registered a net change of -4.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 75.4591 was down 11.70% compared to the 2022 peak of 85.4534, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NAD to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 71.2112, compared to 70.0901 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1211 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 7.2629 KRW (High: 73.1762 / Low: 65.9133). On the other end, March was the most stable month, with a tight range of 2.3493 KRW (High: 73.0688 / Low: 70.7194).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.0888 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 72.7604) against the same month in 2022 (average: 77.1623), the exchange rate shifted by -4.4019 (-5.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 75.4591 | 71.2402 | 72.7604 |
| February | 73.9915 | 70.8360 | 71.5836 |
| March | 73.0688 | 70.7194 | 71.4052 |
| April | 73.7470 | 70.7118 | 72.7100 |
| May | 73.0982 | 66.9769 | 69.6212 |
| June | 71.4416 | 66.5910 | 69.1870 |
| July | 72.7603 | 68.7716 | 70.4507 |
| August | 71.4749 | 67.3557 | 70.2427 |
| September | 71.5079 | 69.0675 | 70.3060 |
| October | 72.0812 | 66.8981 | 70.1543 |
| November | 73.1762 | 65.9133 | 69.7256 |
| December | 71.3261 | 67.4670 | 69.6615 |