2023 NOK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 15.6611. Conversely, the yearly low was recorded on May 30, dropping to 13.7578.
This high-to-low spread represents a total annual volatility of 1.9032 JMD. From a start-to-finish perspective, comparing the January average rate of 15.4038 to the December average rate of 14.7808, the exchange rate registered a net change of -4.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.6611 was down 12.69% compared to the 2022 peak of 17.9370, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK to JMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 14.6553, compared to 14.5498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1055 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.2995 JMD (High: 15.5532 / Low: 14.2538). On the other end, September was the most stable month, with a tight range of 0.2768 JMD (High: 14.5473 / Low: 14.2705).
Growth Streaks & Declines
TrendsBetween 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 0.6340 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 15.4038) against the same month in 2022 (average: 17.5068), the exchange rate shifted by -2.1030 (-12.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.6611 | 14.8233 | 15.4038 |
| February | 15.4975 | 14.7681 | 15.0531 |
| March | 14.7689 | 13.9767 | 14.4191 |
| April | 14.7534 | 14.1558 | 14.4815 |
| May | 14.7063 | 13.7578 | 14.2565 |
| June | 14.7187 | 13.9754 | 14.3178 |
| July | 15.5532 | 14.2538 | 15.0095 |
| August | 15.2538 | 14.3546 | 14.7664 |
| September | 14.5473 | 14.2705 | 14.4044 |
| October | 14.4871 | 13.8049 | 14.0875 |
| November | 14.6278 | 13.8626 | 14.2501 |
| December | 15.3425 | 14.1674 | 14.7808 |