2023 NOK to BRL Historical Review

YEARLY HIGH

0.5448 BRL

YEARLY LOW

0.4355 BRL

YEARLY AVERAGE

0.4735 BRL

2023 NOK to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.5448. Conversely, the yearly low was recorded on November 7, dropping to 0.4355.

This high-to-low spread represents a total annual volatility of 0.1093 BRL. From a start-to-finish perspective, comparing the January average rate of 0.5227 to the December average rate of 0.4660, the exchange rate registered a net change of -10.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5448 was down 15.52% compared to the 2022 peak of 0.6449, 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 2,724 BRL

2022 Average 2,693 BRL

Yearly Trough Low 2,177 BRL

Transaction Impact: A difference of 546.59 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5300

0.4422

JanuMarcMayJulySeptNove

NOK to BRL 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 0.4850, compared to 0.4621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0230 points.

H1 Avg (Jan–Jun) 0.4850

H2 Avg (Jul–Dec) 0.4621

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0369 BRL (High: 0.4822 / Low: 0.4452). On the other end, June was the most stable month, with a tight range of 0.0163 BRL (High: 0.4582 / Low: 0.4419).

July Spread (Volatile) ±0.0369

June Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 0.0173 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5227) against the same month in 2022 (average: 0.6240), the exchange rate shifted by -0.1013 (-16.24%).

2023 Avg (January) 0.5227

2022 Avg (January) 0.6240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5448	0.5082	0.5227
February	0.5198	0.4976	0.5055
March	0.5093	0.4819	0.4946
April	0.4927	0.4672	0.4774
May	0.4769	0.4503	0.4604
June	0.4582	0.4419	0.4497
July	0.4822	0.4452	0.4668
August	0.4829	0.4550	0.4687
September	0.4714	0.4490	0.4610
October	0.4768	0.4457	0.4603
November	0.4605	0.4355	0.4496
December	0.4802	0.4467	0.4660