2023 NOK to BDT Historical Review

YEARLY HIGH

10.9323 BDT

YEARLY LOW

9.5916 BDT

YEARLY AVERAGE

10.2364 BDT

2023 NOK to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 10.9323. Conversely, the yearly low was recorded on May 30, dropping to 9.5916.

This high-to-low spread represents a total annual volatility of 1.3407 BDT. From a start-to-finish perspective, comparing the January average rate of 10.5598 to the December average rate of 10.4699, the exchange rate registered a net change of -0.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.9323 was up 1.45% compared to the 2022 peak of 10.7755, 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 54,661 BDT

2022 Average 48,529 BDT

Yearly Trough Low 47,958 BDT

Transaction Impact: A difference of 6,703.57 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6248

9.8449

JanuMarcMayJulySeptNove

NOK to BDT 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 10.1689, compared to 10.3039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1350 points.

H1 Avg (Jan–Jun) 10.1689

H2 Avg (Jul–Dec) 10.3039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.9327 BDT (High: 10.9323 / Low: 9.9996). On the other end, September was the most stable month, with a tight range of 0.2042 BDT (High: 10.3478 / Low: 10.1436).

July Spread (Volatile) ±0.9327

September Spread (Stable) ±0.2042

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 February and March, when the average rate fell by 0.3257 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3257

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 10.5484) against the same month in 2022 (average: 9.4134), the exchange rate shifted by +1.1350 (+12.06%).

2023 Avg (July) 10.5484

2022 Avg (July) 9.4134

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.8137	10.1113	10.5598
February	10.7273	10.0581	10.3758
March	10.3762	9.8122	10.0502
April	10.3250	9.8131	10.1029
May	10.2491	9.5916	9.9099
June	10.3172	9.6979	10.0148
July	10.9323	9.9996	10.5484
August	10.7715	10.1836	10.4357
September	10.3478	10.1436	10.2328
October	10.3050	9.8378	10.0162
November	10.3851	9.8238	10.1206
December	10.8622	10.0284	10.4699