2023 NOK to CVE Historical Review

YEARLY HIGH

10.5526 CVE

YEARLY LOW

9.1991 CVE

YEARLY AVERAGE

9.6756 CVE

2023 NOK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 10.5526. Conversely, the yearly low was recorded on November 9, dropping to 9.1991.

This high-to-low spread represents a total annual volatility of 1.3535 CVE. From a start-to-finish perspective, comparing the January average rate of 10.3257 to the December average rate of 9.6256, the exchange rate registered a net change of -6.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.5526 was down 9.83% compared to the 2022 peak of 11.7032, 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 52,763 CVE

2022 Average 54,730 CVE

Yearly Trough Low 45,996 CVE

Transaction Impact: A difference of 6,767.51 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.4204

9.2833

JanuMarcMayJulySeptNove

NOK to CVE 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 9.7686, compared to 9.5825 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1861 points.

H1 Avg (Jan–Jun) 9.7686

H2 Avg (Jul–Dec) 9.5825

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.5715 CVE (High: 9.8895 / Low: 9.3180). On the other end, September was the most stable month, with a tight range of 0.2735 CVE (High: 9.8056 / Low: 9.5321).

December Spread (Volatile) ±0.5715

September Spread (Stable) ±0.2735

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 February and March, when the average rate fell by 0.2749 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2749

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 10.3257) against the same month in 2022 (average: 11.0374), the exchange rate shifted by -0.7118 (-6.45%).

2023 Avg (January) 10.3257

2022 Avg (January) 11.0374

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5526	10.1682	10.3257
February	10.2523	9.8737	10.0581
March	10.0469	9.5564	9.7832
April	9.8854	9.4061	9.5854
May	9.5948	9.2063	9.4035
June	9.8377	9.3087	9.4559
July	9.9501	9.3915	9.7111
August	9.9395	9.4687	9.6556
September	9.8056	9.5321	9.6260
October	9.7245	9.2925	9.4988
November	9.5117	9.1991	9.3781
December	9.8895	9.3180	9.6256