2023 NOK to BOB Historical Review

YEARLY HIGH

0.7060 BOB

YEARLY LOW

0.6157 BOB

YEARLY AVERAGE

0.6548 BOB

2023 NOK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.7060. Conversely, the yearly low was recorded on November 9, dropping to 0.6157.

This high-to-low spread represents a total annual volatility of 0.0902 BOB. From a start-to-finish perspective, comparing the January average rate of 0.6962 to the December average rate of 0.6584, the exchange rate registered a net change of -5.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7060 was down 11.96% compared to the 2022 peak of 0.8019, 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 3,530 BOB

2022 Average 3,598 BOB

Yearly Trough Low 3,079 BOB

Transaction Impact: A difference of 451.05 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7031

0.6209

JanuMarcMayJulySeptNove

NOK to BOB 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 0.6604, compared to 0.6491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 0.6604

H2 Avg (Jul–Dec) 0.6491

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0557 BOB (High: 0.6945 / Low: 0.6388). On the other end, September was the most stable month, with a tight range of 0.0116 BOB (High: 0.6497 / Low: 0.6382).

July Spread (Volatile) ±0.0557

September Spread (Stable) ±0.0116

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 0.0218 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0218

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6962) against the same month in 2022 (average: 0.7784), the exchange rate shifted by -0.0821 (-10.55%).

2023 Avg (January) 0.6962

2022 Avg (January) 0.7784

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7060	0.6741	0.6962
February	0.6987	0.6615	0.6744
March	0.6658	0.6366	0.6550
April	0.6725	0.6473	0.6576
May	0.6584	0.6178	0.6390
June	0.6586	0.6233	0.6403
July	0.6945	0.6388	0.6717
August	0.6817	0.6441	0.6599
September	0.6497	0.6382	0.6439
October	0.6459	0.6166	0.6278
November	0.6509	0.6157	0.6332
December	0.6840	0.6300	0.6584