2023 NOK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 284.5969. Conversely, the yearly low was recorded on May 18, dropping to 190.8531.
This high-to-low spread represents a total annual volatility of 93.7437 BIF. From a start-to-finish perspective, comparing the January average rate of 208.4604 to the December average rate of 271.3040, the exchange rate registered a net change of 30.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 284.5969 was up 19.00% compared to the 2022 peak of 239.1530, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 214.8059, compared to 266.6933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 51.8874 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 68.3976 BIF (High: 259.2507 / Low: 190.8531). On the other end, September was the most stable month, with a tight range of 5.1037 BIF (High: 267.0447 / Low: 261.9410).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 6.3367 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 275.3162) against the same month in 2022 (average: 205.9715), the exchange rate shifted by +69.3447 (+33.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 211.7783 | 201.7371 | 208.4604 |
| February | 209.7292 | 197.7048 | 202.3320 |
| March | 200.3721 | 191.5966 | 197.0834 |
| April | 202.4880 | 193.0833 | 197.9276 |
| May | 259.2507 | 190.8531 | 220.8152 |
| June | 269.7121 | 254.7073 | 262.2168 |
| July | 284.5969 | 261.3050 | 275.3162 |
| August | 279.4673 | 264.1343 | 270.6682 |
| September | 267.0447 | 261.9410 | 264.3315 |
| October | 265.0764 | 253.5440 | 258.0411 |
| November | 268.2256 | 253.3949 | 260.4987 |
| December | 282.2127 | 259.5721 | 271.3040 |