2023 NOK to BZD Historical Review

YEARLY HIGH

0.2059 BZD

YEARLY LOW

0.1796 BZD

YEARLY AVERAGE

0.1910 BZD

2023 NOK to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2059. Conversely, the yearly low was recorded on November 9, dropping to 0.1796.

This high-to-low spread represents a total annual volatility of 0.0263 BZD. From a start-to-finish perspective, comparing the January average rate of 0.2031 to the December average rate of 0.1920, the exchange rate registered a net change of -5.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2059 was down 12.40% compared to the 2022 peak of 0.2351, 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 1,030 BZD

2022 Average 1,052 BZD

Yearly Trough Low 898 BZD

Transaction Impact: A difference of 131.66 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2051

0.1811

JanuMarcMayJulySeptNove

NOK to BZD 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 0.1926, compared to 0.1893 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) 0.1926

H2 Avg (Jul–Dec) 0.1893

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0163 BZD (High: 0.2026 / Low: 0.1863). On the other end, September was the most stable month, with a tight range of 0.0034 BZD (High: 0.1895 / Low: 0.1862).

July Spread (Volatile) ±0.0163

September Spread (Stable) ±0.0034

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 0.0064 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2031) against the same month in 2022 (average: 0.2277), the exchange rate shifted by -0.0246 (-10.80%).

2023 Avg (January) 0.2031

2022 Avg (January) 0.2277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2059	0.1966	0.2031
February	0.2038	0.1930	0.1967
March	0.1942	0.1857	0.1909
April	0.1962	0.1863	0.1917
May	0.1921	0.1802	0.1864
June	0.1921	0.1818	0.1868
July	0.2026	0.1863	0.1959
August	0.1989	0.1879	0.1925
September	0.1895	0.1862	0.1878
October	0.1884	0.1799	0.1831
November	0.1899	0.1796	0.1847
December	0.1995	0.1839	0.1920