2023 NOK to CZK Historical Review

YEARLY HIGH

2.3018 CZK

YEARLY LOW

1.9728 CZK

YEARLY AVERAGE

2.1031 CZK

2023 NOK to CZK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to CZK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.3018. Conversely, the yearly low was recorded on May 3, dropping to 1.9728.

This high-to-low spread represents a total annual volatility of 0.3290 CZK. From a start-to-finish perspective, comparing the January average rate of 2.2375 to the December average rate of 2.1338, the exchange rate registered a net change of -4.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3018 was down 12.46% compared to the 2022 peak of 2.6295, 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 11,509 CZK

2022 Average 12,165 CZK

Yearly Trough Low 9,864 CZK

Transaction Impact: A difference of 1,644.99 CZK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2602

1.9879

JanuMarcMayJulySeptNove

NOK to CZK 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 2.0953, compared to 2.1109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 2.0953

H2 Avg (Jul–Dec) 2.1109

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1445 CZK (High: 2.2011 / Low: 2.0566). On the other end, November was the most stable month, with a tight range of 0.0551 CZK (High: 2.1057 / Low: 2.0507).

December Spread (Volatile) ±0.1445

November Spread (Stable) ±0.0551

Growth Streaks & Declines

Trends

Between May and September, 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 0.0741 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0741

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.2375) against the same month in 2022 (average: 2.4442), the exchange rate shifted by -0.2068 (-8.46%).

2023 Avg (January) 2.2375

2022 Avg (January) 2.4442

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3018	2.1945	2.2375
February	2.1953	2.1396	2.1633
March	2.1274	2.0635	2.0997
April	2.0945	2.0000	2.0351
May	2.0492	1.9728	2.0106
June	2.0746	1.9854	2.0257
July	2.1688	2.0251	2.1021
August	2.1744	2.0715	2.1115
September	2.1633	2.0962	2.1288
October	2.1521	2.0758	2.1152
November	2.1057	2.0507	2.0742
December	2.2011	2.0566	2.1338