2023 NOK to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 79.9326. Conversely, the yearly low was recorded on January 5, dropping to 17.4453.
This high-to-low spread represents a total annual volatility of 62.4873 ARS. From a start-to-finish perspective, comparing the January average rate of 18.3427 to the December average rate of 60.6518, the exchange rate registered a net change of 230.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 79.9326 was up 340.95% compared to the 2022 peak of 18.1275, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK to ARS 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 20.1849, compared to 35.6665 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.4816 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 46.8026 ARS (High: 79.9326 / Low: 33.1300). On the other end, September was the most stable month, with a tight range of 0.5616 ARS (High: 32.8869 / Low: 32.3254).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7917 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 60.6518) against the same month in 2022 (average: 17.4521), the exchange rate shifted by +43.1997 (+247.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 18.8097 | 17.4453 | 18.3427 |
| February | 19.0339 | 18.2975 | 18.7140 |
| March | 20.0598 | 18.6753 | 19.2262 |
| April | 20.9209 | 19.8659 | 20.4823 |
| May | 21.7669 | 20.6953 | 21.3414 |
| June | 23.8815 | 21.7200 | 23.0028 |
| July | 27.1897 | 23.7195 | 25.8627 |
| August | 33.3902 | 26.9513 | 30.6403 |
| September | 32.8869 | 32.3254 | 32.6130 |
| October | 32.7808 | 31.2317 | 31.8212 |
| November | 33.8920 | 31.1861 | 32.4100 |
| December | 79.9326 | 33.1300 | 60.6518 |