2023 NOK to AED Historical Review

YEARLY HIGH

0.3752 AED

YEARLY LOW

0.3273 AED

YEARLY AVERAGE

0.3481 AED

2023 NOK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3752. Conversely, the yearly low was recorded on November 9, dropping to 0.3273.

This high-to-low spread represents a total annual volatility of 0.0479 AED. From a start-to-finish perspective, comparing the January average rate of 0.3701 to the December average rate of 0.3495, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3752 was down 12.42% compared to the 2022 peak of 0.4284, 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 1,876 AED

2022 Average 1,918 AED

Yearly Trough Low 1,636 AED

Transaction Impact: A difference of 239.51 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3737

0.3303

JanuMarcMayJulySeptNove

NOK to AED 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 0.3511, compared to 0.3452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.3511

H2 Avg (Jul–Dec) 0.3452

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0289 AED (High: 0.3636 / Low: 0.3346). On the other end, September was the most stable month, with a tight range of 0.0059 AED (High: 0.3451 / Low: 0.3392).

December Spread (Volatile) ±0.0289

September Spread (Stable) ±0.0059

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 0.0116 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3701) against the same month in 2022 (average: 0.4150), the exchange rate shifted by -0.0449 (-10.82%).

2023 Avg (January) 0.3701

2022 Avg (January) 0.4150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3752	0.3581	0.3701
February	0.3714	0.3518	0.3585
March	0.3544	0.3413	0.3486
April	0.3573	0.3440	0.3496
May	0.3496	0.3284	0.3397
June	0.3498	0.3311	0.3404
July	0.3693	0.3413	0.3574
August	0.3623	0.3424	0.3508
September	0.3451	0.3392	0.3424
October	0.3426	0.3277	0.3339
November	0.3462	0.3273	0.3369
December	0.3636	0.3346	0.3495