2023 NOK to CDF Historical Review

YEARLY HIGH

271.8182 CDF

YEARLY LOW

191.0968 CDF

YEARLY AVERAGE

221.0644 CDF

2023 NOK to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 271.8182. Conversely, the yearly low was recorded on May 4, dropping to 191.0968.

This high-to-low spread represents a total annual volatility of 80.7214 CDF. From a start-to-finish perspective, comparing the January average rate of 206.4291 to the December average rate of 259.1177, the exchange rate registered a net change of 25.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 271.8182 was up 16.16% compared to the 2022 peak of 234.0065, 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 1,359,091 CDF

2022 Average 1,054,012 CDF

Yearly Trough Low 955,484 CDF

Transaction Impact: A difference of 403,606.89 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

265.4001

190.0121

JanuMarcMayJulySeptNove

NOK to CDF 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 203.8554, compared to 238.2733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.4178 points.

H1 Avg (Jan–Jun) 203.8554

H2 Avg (Jul–Dec) 238.2733

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 29.9318 CDF (High: 251.9020 / Low: 221.9702). On the other end, September was the most stable month, with a tight range of 6.3272 CDF (High: 233.6303 / Low: 227.3031).

November Spread (Volatile) ±29.9318

September Spread (Stable) ±6.3272

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 5.1443 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -5.1443

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 259.1177) against the same month in 2022 (average: 207.1972), the exchange rate shifted by +51.9205 (+25.06%).

2023 Avg (December) 259.1177

2022 Avg (December) 207.1972

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	210.5752	199.1312	206.4291
February	207.6833	196.6157	201.2848
March	200.1777	192.0907	196.2944
April	205.6253	193.3133	198.0867
May	213.8062	191.0968	202.2750
June	224.8525	209.7608	218.7625
July	251.8048	224.2111	240.2922
August	244.7652	229.7342	236.4899
September	233.6303	227.3031	231.5077
October	232.6467	224.3523	228.9121
November	251.9020	221.9702	233.3201
December	271.8182	244.0193	259.1177