2023 NOK to GBP Historical Review

YEARLY HIGH

0.0845 GBP

YEARLY LOW

0.0720 GBP

YEARLY AVERAGE

0.0762 GBP

2023 NOK to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0845. Conversely, the yearly low was recorded on May 30, dropping to 0.0720.

This high-to-low spread represents a total annual volatility of 0.0124 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0823 to the December average rate of 0.0751, the exchange rate registered a net change of -8.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0845 was down 4.88% compared to the 2022 peak of 0.0888, 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 422 GBP

2022 Average 422 GBP

Yearly Trough Low 360 GBP

Transaction Impact: A difference of 62.06 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0832

0.0724

JanuMarcMayJulySeptNove

NOK to GBP 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 0.0776, compared to 0.0749 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0776

H2 Avg (Jul–Dec) 0.0749

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0049 GBP (High: 0.0774 / Low: 0.0726). On the other end, February was the most stable month, with a tight range of 0.0018 GBP (High: 0.0818 / Low: 0.0800).

December Spread (Volatile) ±0.0049

February Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0027 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0823) against the same month in 2022 (average: 0.0833), the exchange rate shifted by -0.0011 (-1.26%).

2023 Avg (January) 0.0823

2022 Avg (January) 0.0833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0845	0.0811	0.0823
February	0.0818	0.0800	0.0809
March	0.0801	0.0765	0.0782
April	0.0783	0.0746	0.0765
May	0.0755	0.0720	0.0741
June	0.0745	0.0722	0.0733
July	0.0776	0.0729	0.0755
August	0.0774	0.0736	0.0752
September	0.0768	0.0742	0.0753
October	0.0765	0.0736	0.0747
November	0.0747	0.0727	0.0738
December	0.0774	0.0726	0.0751