2023 NOK to HKD Historical Review

YEARLY HIGH

0.8000 HKD

YEARLY LOW

0.6958 HKD

YEARLY AVERAGE

0.7421 HKD

2023 NOK to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.8000. Conversely, the yearly low was recorded on November 9, dropping to 0.6958.

This high-to-low spread represents a total annual volatility of 0.1042 HKD. From a start-to-finish perspective, comparing the January average rate of 0.7880 to the December average rate of 0.7432, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8000 was down 12.37% compared to the 2022 peak of 0.9129, 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 4,000 HKD

2022 Average 4,088 HKD

Yearly Trough Low 3,479 HKD

Transaction Impact: A difference of 520.99 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7956

0.7038

JanuMarcMayJulySeptNove

NOK to HKD 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 0.7495, compared to 0.7348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0147 points.

H1 Avg (Jan–Jun) 0.7495

H2 Avg (Jul–Dec) 0.7348

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0614 HKD (High: 0.7731 / Low: 0.7117). On the other end, September was the most stable month, with a tight range of 0.0140 HKD (High: 0.7363 / Low: 0.7223).

December Spread (Volatile) ±0.0614

September Spread (Stable) ±0.0140

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 0.0221 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0221

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7880) against the same month in 2022 (average: 0.8803), the exchange rate shifted by -0.0924 (-10.49%).

2023 Avg (January) 0.7880

2022 Avg (January) 0.8803

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8000	0.7618	0.7880
February	0.7928	0.7519	0.7658
March	0.7574	0.7295	0.7450
April	0.7633	0.7353	0.7472
May	0.7472	0.7005	0.7250
June	0.7451	0.7070	0.7259
July	0.7863	0.7267	0.7606
August	0.7703	0.7309	0.7475
September	0.7363	0.7223	0.7298
October	0.7304	0.6979	0.7114
November	0.7348	0.6958	0.7161
December	0.7731	0.7117	0.7432