2023 NOK to JPY Historical Review

YEARLY HIGH

14.0894 JPY

YEARLY LOW

12.3191 JPY

YEARLY AVERAGE

13.3033 JPY

2023 NOK to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 9, valuing the pair at 14.0894. Conversely, the yearly low was recorded on March 18, dropping to 12.3191.

This high-to-low spread represents a total annual volatility of 1.7703 JPY. From a start-to-finish perspective, comparing the January average rate of 13.1155 to the December average rate of 13.6683, the exchange rate registered a net change of 4.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.0894 was down 3.82% compared to the 2022 peak of 14.6494, 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 70,447 JPY

2022 Average 68,300 JPY

Yearly Trough Low 61,596 JPY

Transaction Impact: A difference of 8,851.63 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.9412

12.5662

JanuMarcMayJulySeptNove

NOK to JPY 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 12.8831, compared to 13.7235 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8404 points.

H1 Avg (Jan–Jun) 12.8831

H2 Avg (Jul–Dec) 13.7235

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.8906 JPY (High: 13.4383 / Low: 12.5477). On the other end, September was the most stable month, with a tight range of 0.3377 JPY (High: 13.9896 / Low: 13.6519).

June Spread (Volatile) ±0.8906

September Spread (Stable) ±0.3377

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3167 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3167

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 13.8266) against the same month in 2022 (average: 13.9212), the exchange rate shifted by -0.0946 (-0.68%).

2023 Avg (August) 13.8266

2022 Avg (August) 13.9212

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3754	12.9162	13.1155
February	13.1850	12.7024	12.9974
March	13.1195	12.3191	12.6808
April	12.9027	12.5277	12.7127
May	12.8600	12.5004	12.6930
June	13.4383	12.5477	13.0993
July	14.0712	13.3731	13.7316
August	14.0894	13.6144	13.8266
September	13.9896	13.6519	13.7769
October	13.9464	13.3821	13.5965
November	13.9944	13.4407	13.7412
December	14.0425	13.2474	13.6683