2023 NOK to IDR Historical Review

YEARLY HIGH

1589.0296 IDR

YEARLY LOW

1340.0894 IDR

YEARLY AVERAGE

1444.4201 IDR

2023 NOK to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1589.0296. Conversely, the yearly low was recorded on May 30, dropping to 1340.0894.

This high-to-low spread represents a total annual volatility of 248.9402 IDR. From a start-to-finish perspective, comparing the January average rate of 1535.7126 to the December average rate of 1473.3675, the exchange rate registered a net change of -4.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1589.0296 was down 4.93% compared to the 2022 peak of 1671.4877, 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 7,945,148 IDR

2022 Average 7,739,934 IDR

Yearly Trough Low 6,700,447 IDR

Transaction Impact: A difference of 1,244,700.77 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1551.9518

1357.0813

JanuMarcMayJulySeptNove

NOK to IDR 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 1440.3072, compared to 1448.5331 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.2259 points.

H1 Avg (Jan–Jun) 1440.3072

H2 Avg (Jul–Dec) 1448.5331

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 109.6367 IDR (High: 1504.4671 / Low: 1394.8304). On the other end, September was the most stable month, with a tight range of 28.4666 IDR (High: 1451.0136 / Low: 1422.5470).

July Spread (Volatile) ±109.6367

September Spread (Stable) ±28.4666

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 55.7335 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -55.7335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1535.7126) against the same month in 2022 (average: 1619.2887), the exchange rate shifted by -83.5761 (-5.16%).

2023 Avg (January) 1535.7126

2022 Avg (January) 1619.2887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1589.0296	1502.2968	1535.7126
February	1508.4732	1462.2064	1479.9791
March	1474.0540	1426.9719	1451.9301
April	1451.6788	1374.2259	1415.6289
May	1405.0263	1340.0894	1373.3205
June	1420.4844	1341.1514	1385.2718
July	1504.4671	1394.8304	1465.2109
August	1501.6443	1421.1673	1457.9322
September	1451.0136	1422.5470	1433.1002
October	1457.9490	1416.9449	1432.6979
November	1458.0288	1398.2223	1428.8897
December	1522.5351	1413.6244	1473.3675