2023 NOK to CNY Historical Review

YEARLY HIGH

0.7198 CNY

YEARLY LOW

0.6331 CNY

YEARLY AVERAGE

0.6701 CNY

2023 NOK to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.7198. Conversely, the yearly low was recorded on May 30, dropping to 0.6331.

This high-to-low spread represents a total annual volatility of 0.0867 CNY. From a start-to-finish perspective, comparing the January average rate of 0.6843 to the December average rate of 0.6774, the exchange rate registered a net change of -1.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7198 was down 2.79% compared to the 2022 peak of 0.7404, 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 3,599 CNY

2022 Average 3,504 CNY

Yearly Trough Low 3,165 CNY

Transaction Impact: A difference of 433.37 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7045

0.6412

JanuMarcMayJulySeptNove

NOK to CNY 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 0.6619, compared to 0.6783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.6619

H2 Avg (Jul–Dec) 0.6783

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0584 CNY (High: 0.7070 / Low: 0.6486). On the other end, September was the most stable month, with a tight range of 0.0132 CNY (High: 0.6875 / Low: 0.6743).

December Spread (Volatile) ±0.0584

September Spread (Stable) ±0.0132

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 September and October, when the average rate fell by 0.0184 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6992) against the same month in 2022 (average: 0.6746), the exchange rate shifted by +0.0246 (+3.65%).

2023 Avg (July) 0.6992

2022 Avg (July) 0.6746

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7047	0.6710	0.6843
February	0.6818	0.6574	0.6679
March	0.6654	0.6416	0.6543
April	0.6691	0.6475	0.6555
May	0.6602	0.6331	0.6464
June	0.6782	0.6416	0.6631
July	0.7198	0.6737	0.6992
August	0.7088	0.6779	0.6914
September	0.6875	0.6743	0.6798
October	0.6767	0.6411	0.6614
November	0.6707	0.6475	0.6609
December	0.7070	0.6486	0.6774