2023 NOK to GNF Historical Review

YEARLY HIGH

890.0987 GNF

YEARLY LOW

767.6460 GNF

YEARLY AVERAGE

817.0053 GNF

2023 NOK to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 890.0987. Conversely, the yearly low was recorded on November 9, dropping to 767.6460.

This high-to-low spread represents a total annual volatility of 122.4527 GNF. From a start-to-finish perspective, comparing the January average rate of 873.2077 to the December average rate of 818.6315, the exchange rate registered a net change of -6.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 890.0987 was down 15.83% compared to the 2022 peak of 1057.4918, 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 4,450,493 GNF

2022 Average 4,602,008 GNF

Yearly Trough Low 3,838,230 GNF

Transaction Impact: A difference of 612,263.31 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

882.3377

772.7773

JanuMarcMayJulySeptNove

NOK to GNF 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 825.4524, compared to 808.5582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.8942 points.

H1 Avg (Jan–Jun) 825.4524

H2 Avg (Jul–Dec) 808.5582

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 71.8505 GNF (High: 866.6417 / Low: 794.7912). On the other end, September was the most stable month, with a tight range of 16.4051 GNF (High: 810.1068 / Low: 793.7016).

July Spread (Volatile) ±71.8505

September Spread (Stable) ±16.4051

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 29.5047 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -29.5047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 873.2077) against the same month in 2022 (average: 1027.7162), the exchange rate shifted by -154.5085 (-15.03%).

2023 Avg (January) 873.2077

2022 Avg (January) 1027.7162

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	890.0987	856.4857	873.2077
February	870.6335	823.9762	843.7030
March	847.6780	793.3910	819.8604
April	836.2328	796.9538	818.6510
May	821.0488	771.3738	797.8980
June	821.3889	777.0622	799.3943
July	866.6417	794.7912	837.4786
August	853.3858	801.5735	822.4069
September	810.1068	793.7016	802.0270
October	803.2799	767.8598	781.9074
November	809.9254	767.6460	788.8977
December	849.7661	784.1723	818.6315