2023 NOK to BGN Historical Review

YEARLY HIGH

0.1867 BGN

YEARLY LOW

0.1629 BGN

YEARLY AVERAGE

0.1714 BGN

2023 NOK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1867. Conversely, the yearly low was recorded on May 30, dropping to 0.1629.

This high-to-low spread represents a total annual volatility of 0.0237 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1827 to the December average rate of 0.1704, the exchange rate registered a net change of -6.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1867 was down 9.82% 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 933 BGN

2022 Average 969 BGN

Yearly Trough Low 815 BGN

Transaction Impact: A difference of 118.55 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1844

0.1641

JanuMarcMayJulySeptNove

NOK to BGN 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 0.1698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.1730

H2 Avg (Jul–Dec) 0.1698

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0094 BGN (High: 0.1747 / Low: 0.1652). On the other end, September was the most stable month, with a tight range of 0.0040 BGN (High: 0.1732 / Low: 0.1692).

December Spread (Volatile) ±0.0094

September Spread (Stable) ±0.0040

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 0.0051 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1827) against the same month in 2022 (average: 0.1952), the exchange rate shifted by -0.0125 (-6.38%).

2023 Avg (January) 0.1827

2022 Avg (January) 0.1952

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1867	0.1803	0.1827
February	0.1815	0.1764	0.1784
March	0.1772	0.1699	0.1733
April	0.1744	0.1657	0.1696
May	0.1697	0.1629	0.1665
June	0.1702	0.1643	0.1672
July	0.1758	0.1668	0.1721
August	0.1752	0.1684	0.1712
September	0.1732	0.1692	0.1708
October	0.1723	0.1652	0.1683
November	0.1679	0.1634	0.1658
December	0.1747	0.1652	0.1704