2023 NAD to NOK Historical Review

YEARLY HIGH

0.6073 NOK

YEARLY LOW

0.5285 NOK

YEARLY AVERAGE

0.5711 NOK

2023 NAD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.6073. Conversely, the yearly low was recorded on August 14, dropping to 0.5285.

This high-to-low spread represents a total annual volatility of 0.0788 NOK. From a start-to-finish perspective, comparing the January average rate of 0.5812 to the December average rate of 0.5628, the exchange rate registered a net change of -3.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6073 was down 5.54% compared to the 2022 peak of 0.6429, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,036 NOK

2022 Average 2,950 NOK

Yearly Trough Low 2,642 NOK

Transaction Impact: A difference of 393.98 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5844

0.5533

JanuMarcMayJulySeptNove

NAD 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 0.5753, compared to 0.5669 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0085 points.

H1 Avg (Jan–Jun) 0.5753

H2 Avg (Jul–Dec) 0.5669

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0524 NOK (High: 0.6058 / Low: 0.5534). On the other end, March was the most stable month, with a tight range of 0.0184 NOK (High: 0.5867 / Low: 0.5682).

November Spread (Volatile) ±0.0524

March Spread (Stable) ±0.0184

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0190 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5812) against the same month in 2022 (average: 0.5711), the exchange rate shifted by +0.0101 (+1.77%).

2023 Avg (January) 0.5812

2022 Avg (January) 0.5711

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6073	0.5667	0.5812
February	0.6062	0.5613	0.5734
March	0.5867	0.5682	0.5765
April	0.5896	0.5598	0.5781
May	0.5892	0.5512	0.5667
June	0.5909	0.5607	0.5763
July	0.5784	0.5421	0.5637
August	0.5759	0.5285	0.5559
September	0.5765	0.5565	0.5655
October	0.5943	0.5525	0.5715
November	0.6058	0.5534	0.5818
December	0.5827	0.5447	0.5628