2023 NOK to BAM Historical Review

YEARLY HIGH

0.1872 BAM

YEARLY LOW

0.1629 BAM

YEARLY AVERAGE

0.1714 BAM

2023 NOK to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1872. Conversely, the yearly low was recorded on May 30, dropping to 0.1629.

This high-to-low spread represents a total annual volatility of 0.0242 BAM. From a start-to-finish perspective, comparing the January average rate of 0.1831 to the December average rate of 0.1705, the exchange rate registered a net change of -6.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1872 was down 9.57% compared to the 2022 peak of 0.2070, 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 936 BAM

2022 Average 968 BAM

Yearly Trough Low 815 BAM

Transaction Impact: A difference of 121.17 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1849

0.1643

JanuMarcMayJulySeptNove

NOK to BAM 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 0.1730, compared to 0.1697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.1730

H2 Avg (Jul–Dec) 0.1697

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0105 BAM (High: 0.1751 / Low: 0.1646). On the other end, September was the most stable month, with a tight range of 0.0041 BAM (High: 0.1730 / Low: 0.1689).

April Spread (Volatile) ±0.0105

September Spread (Stable) ±0.0041

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 0.0050 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1831) against the same month in 2022 (average: 0.1952), the exchange rate shifted by -0.0121 (-6.19%).

2023 Avg (January) 0.1831

2022 Avg (January) 0.1952

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1872	0.1798	0.1831
February	0.1816	0.1751	0.1782
March	0.1775	0.1695	0.1734
April	0.1751	0.1646	0.1696
May	0.1701	0.1629	0.1663
June	0.1719	0.1648	0.1673
July	0.1760	0.1666	0.1721
August	0.1763	0.1679	0.1711
September	0.1730	0.1689	0.1705
October	0.1724	0.1642	0.1682
November	0.1683	0.1630	0.1660
December	0.1751	0.1653	0.1705