2023 NOK to DJF Historical Review

YEARLY HIGH

18.1602 DJF

YEARLY LOW

15.8313 DJF

YEARLY AVERAGE

16.8571 DJF

2023 NOK to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 18.1602. Conversely, the yearly low was recorded on November 9, dropping to 15.8313.

This high-to-low spread represents a total annual volatility of 2.3289 DJF. From a start-to-finish perspective, comparing the January average rate of 17.9096 to the December average rate of 16.9489, the exchange rate registered a net change of -5.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.1602 was down 12.54% compared to the 2022 peak of 20.7645, 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 90,801 DJF

2022 Average 92,936 DJF

Yearly Trough Low 79,157 DJF

Transaction Impact: A difference of 11,644.41 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.0836

15.9960

JanuMarcMayJulySeptNove

NOK to DJF 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 16.9999, compared to 16.7143 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2856 points.

H1 Avg (Jan–Jun) 16.9999

H2 Avg (Jul–Dec) 16.7143

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.4123 DJF (High: 17.8711 / Low: 16.4588). On the other end, September was the most stable month, with a tight range of 0.2727 DJF (High: 16.7172 / Low: 16.4446).

July Spread (Volatile) ±1.4123

September Spread (Stable) ±0.2727

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 January and February, when the average rate fell by 0.5395 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5395

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 17.9096) against the same month in 2022 (average: 20.0939), the exchange rate shifted by -2.1843 (-10.87%).

2023 Avg (January) 17.9096

2022 Avg (January) 20.0939

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1602	17.3052	17.9096
February	17.9666	17.0454	17.3701
March	17.1585	16.4035	16.8634
April	17.3093	16.5032	16.9085
May	16.9389	15.8954	16.4537
June	16.9508	16.0322	16.4943
July	17.8711	16.4588	17.2875
August	17.5387	16.5982	16.9908
September	16.7172	16.4446	16.5926
October	16.6433	15.8876	16.1700
November	16.7568	15.8313	16.2962
December	17.6176	16.2444	16.9489