2023 NOK to AZN Historical Review

YEARLY HIGH

0.1737 AZN

YEARLY LOW

0.1515 AZN

YEARLY AVERAGE

0.1612 AZN

2023 NOK to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1737. Conversely, the yearly low was recorded on November 9, dropping to 0.1515.

This high-to-low spread represents a total annual volatility of 0.0222 AZN. From a start-to-finish perspective, comparing the January average rate of 0.1713 to the December average rate of 0.1618, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1737 was down 12.41% compared to the 2022 peak of 0.1983, 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 868 AZN

2022 Average 887 AZN

Yearly Trough Low 757 AZN

Transaction Impact: A difference of 110.93 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1730

0.1529

JanuMarcMayJulySeptNove

NOK to AZN 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 0.1625, compared to 0.1598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.1625

H2 Avg (Jul–Dec) 0.1598

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0134 AZN (High: 0.1683 / Low: 0.1549). On the other end, September was the most stable month, with a tight range of 0.0027 AZN (High: 0.1597 / Low: 0.1570).

December Spread (Volatile) ±0.0134

September Spread (Stable) ±0.0027

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 0.0054 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1713) against the same month in 2022 (average: 0.1921), the exchange rate shifted by -0.0208 (-10.81%).

2023 Avg (January) 0.1713

2022 Avg (January) 0.1921

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1737	0.1657	0.1713
February	0.1719	0.1628	0.1659
March	0.1640	0.1580	0.1614
April	0.1654	0.1592	0.1618
May	0.1619	0.1520	0.1573
June	0.1619	0.1532	0.1576
July	0.1709	0.1580	0.1654
August	0.1677	0.1585	0.1624
September	0.1597	0.1570	0.1585
October	0.1586	0.1517	0.1546
November	0.1603	0.1515	0.1560
December	0.1683	0.1549	0.1618