2023 NOK to EGP Historical Review

YEARLY HIGH

3.1065 EGP

YEARLY LOW

2.4547 EGP

YEARLY AVERAGE

2.9044 EGP

2023 NOK to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 3.1065. Conversely, the yearly low was recorded on January 3, dropping to 2.4547.

This high-to-low spread represents a total annual volatility of 0.6518 EGP. From a start-to-finish perspective, comparing the January average rate of 2.8843 to the December average rate of 2.9406, the exchange rate registered a net change of 1.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.1065 was up 22.24% compared to the 2022 peak of 2.5413, 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 15,533 EGP

2022 Average 9,974 EGP

Yearly Trough Low 12,274 EGP

Transaction Impact: A difference of 3,258.90 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0241

2.7885

JanuMarcMayJulySeptNove

NOK to EGP 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 2.9059, compared to 2.9030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 2.9059

H2 Avg (Jul–Dec) 2.9030

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.5870 EGP (High: 3.0417 / Low: 2.4547). On the other end, September was the most stable month, with a tight range of 0.0487 EGP (High: 2.9047 / Low: 2.8560).

January Spread (Volatile) ±0.5870

September Spread (Stable) ±0.0487

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 April and May, when the average rate fell by 0.0828 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 3.0045) against the same month in 2022 (average: 1.8928), the exchange rate shifted by +1.1117 (+58.73%).

2023 Avg (July) 3.0045

2022 Avg (July) 1.8928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0417	2.4547	2.8843
February	3.0539	2.9210	2.9739
March	2.9814	2.8478	2.9245
April	3.0062	2.8776	2.9359
May	2.9422	2.7539	2.8531
June	2.9433	2.7845	2.8634
July	3.1065	2.8714	3.0045
August	3.0525	2.8806	2.9515
September	2.9047	2.8560	2.8800
October	2.8945	2.7571	2.8082
November	2.9138	2.7527	2.8335
December	3.0487	2.8184	2.9406