2023 NOK to CAD Historical Review

YEARLY HIGH

0.1383 CAD

YEARLY LOW

0.1208 CAD

YEARLY AVERAGE

0.1279 CAD

2023 NOK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1383. Conversely, the yearly low was recorded on June 6, dropping to 0.1208.

This high-to-low spread represents a total annual volatility of 0.0175 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1352 to the December average rate of 0.1276, the exchange rate registered a net change of -5.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1383 was down 5.04% compared to the 2022 peak of 0.1456, 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 691 CAD

2022 Average 679 CAD

Yearly Trough Low 604 CAD

Transaction Impact: A difference of 87.44 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1364

0.1219

JanuMarcMayJulySeptNove

NOK to CAD 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 0.1289, compared to 0.1270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.1289

H2 Avg (Jul–Dec) 0.1270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0085 CAD (High: 0.1318 / Low: 0.1233). On the other end, September was the most stable month, with a tight range of 0.0035 CAD (High: 0.1279 / Low: 0.1244).

July Spread (Volatile) ±0.0085

September Spread (Stable) ±0.0035

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 January and February, when the average rate fell by 0.0039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1352) against the same month in 2022 (average: 0.1427), the exchange rate shifted by -0.0075 (-5.23%).

2023 Avg (January) 0.1352

2022 Avg (January) 0.1427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1383	0.1322	0.1352
February	0.1342	0.1298	0.1313
March	0.1319	0.1276	0.1300
April	0.1307	0.1270	0.1287
May	0.1281	0.1216	0.1252
June	0.1259	0.1208	0.1231
July	0.1318	0.1233	0.1287
August	0.1320	0.1267	0.1288
September	0.1279	0.1244	0.1263
October	0.1266	0.1231	0.1247
November	0.1284	0.1231	0.1257
December	0.1307	0.1239	0.1276