2023 NOK to EUR Historical Review

YEARLY HIGH

0.0954 EUR

YEARLY LOW

0.0833 EUR

YEARLY AVERAGE

0.0876 EUR

2023 NOK to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0954. Conversely, the yearly low was recorded on May 30, dropping to 0.0833.

This high-to-low spread represents a total annual volatility of 0.0121 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0934 to the December average rate of 0.0871, the exchange rate registered a net change of -6.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0954 was down 9.84% compared to the 2022 peak of 0.1058, 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 477 EUR

2022 Average 495 EUR

Yearly Trough Low 417 EUR

Transaction Impact: A difference of 60.52 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0943

0.0839

JanuMarcMayJulySeptNove

NOK to EUR 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 0.0884, compared to 0.0868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0884

H2 Avg (Jul–Dec) 0.0868

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0049 EUR (High: 0.0892 / Low: 0.0843). On the other end, September was the most stable month, with a tight range of 0.0020 EUR (High: 0.0885 / Low: 0.0865).

April Spread (Volatile) ±0.0049

September Spread (Stable) ±0.0020

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 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0934) against the same month in 2022 (average: 0.0998), the exchange rate shifted by -0.0064 (-6.40%).

2023 Avg (January) 0.0934

2022 Avg (January) 0.0998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0954	0.0922	0.0934
February	0.0924	0.0902	0.0912
March	0.0905	0.0867	0.0886
April	0.0892	0.0843	0.0866
May	0.0868	0.0833	0.0850
June	0.0870	0.0840	0.0855
July	0.0899	0.0853	0.0880
August	0.0896	0.0861	0.0875
September	0.0885	0.0865	0.0873
October	0.0883	0.0844	0.0860
November	0.0859	0.0835	0.0848
December	0.0892	0.0845	0.0871