2023 NOK to BBD Historical Review

YEARLY HIGH

0.2043 BBD

YEARLY LOW

0.1782 BBD

YEARLY AVERAGE

0.1896 BBD

2023 NOK to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2043. Conversely, the yearly low was recorded on November 9, dropping to 0.1782.

This high-to-low spread represents a total annual volatility of 0.0261 BBD. From a start-to-finish perspective, comparing the January average rate of 0.2015 to the December average rate of 0.1903, 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 0.2043 was down 12.41% compared to the 2022 peak of 0.2333, 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 1,022 BBD

2022 Average 1,044 BBD

Yearly Trough Low 891 BBD

Transaction Impact: A difference of 130.51 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2035

0.1799

JanuMarcMayJulySeptNove

NOK to BBD 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 0.1912, compared to 0.1879 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) 0.1912

H2 Avg (Jul–Dec) 0.1879

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0158 BBD (High: 0.1980 / Low: 0.1822). On the other end, September was the most stable month, with a tight range of 0.0032 BBD (High: 0.1879 / Low: 0.1847).

December Spread (Volatile) ±0.0158

September Spread (Stable) ±0.0032

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 0.0063 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2015) against the same month in 2022 (average: 0.2260), the exchange rate shifted by -0.0244 (-10.82%).

2023 Avg (January) 0.2015

2022 Avg (January) 0.2260

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2043	0.1950	0.2015
February	0.2023	0.1916	0.1952
March	0.1930	0.1859	0.1898
April	0.1946	0.1874	0.1904
May	0.1904	0.1788	0.1850
June	0.1905	0.1803	0.1854
July	0.2011	0.1858	0.1946
August	0.1973	0.1864	0.1910
September	0.1879	0.1847	0.1864
October	0.1865	0.1785	0.1818
November	0.1885	0.1782	0.1835
December	0.1980	0.1822	0.1903