2023 NAD to SEK Historical Review

YEARLY HIGH

0.6328 SEK

YEARLY LOW

0.5366 SEK

YEARLY AVERAGE

0.5741 SEK

2023 NAD to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.6328. Conversely, the yearly low was recorded on December 26, dropping to 0.5366.

This high-to-low spread represents a total annual volatility of 0.0962 SEK. From a start-to-finish perspective, comparing the January average rate of 0.6084 to the December average rate of 0.5482, the exchange rate registered a net change of -9.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6328 was down 4.73% compared to the 2022 peak of 0.6642, 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 3,164 SEK

2022 Average 3,105 SEK

Yearly Trough Low 2,683 SEK

Transaction Impact: A difference of 481.12 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6145

0.5422

JanuMarcMayJulySeptNove

NAD to SEK 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 0.5770, compared to 0.5712 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.5770

H2 Avg (Jul–Dec) 0.5712

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0643 SEK (High: 0.6057 / Low: 0.5414). On the other end, September was the most stable month, with a tight range of 0.0161 SEK (High: 0.5915 / Low: 0.5754).

November Spread (Volatile) ±0.0643

September Spread (Stable) ±0.0161

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0233 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0233

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6084) against the same month in 2022 (average: 0.5905), the exchange rate shifted by +0.0179 (+3.03%).

2023 Avg (January) 0.6084

2022 Avg (January) 0.5905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6328	0.5922	0.6084
February	0.6226	0.5640	0.5852
March	0.5866	0.5613	0.5750
April	0.5880	0.5575	0.5693
May	0.5623	0.5371	0.5492
June	0.5906	0.5481	0.5748
July	0.5983	0.5550	0.5771
August	0.5948	0.5447	0.5750
September	0.5915	0.5754	0.5846
October	0.5935	0.5518	0.5727
November	0.6057	0.5414	0.5698
December	0.5624	0.5366	0.5482