2023 NOK to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 420.6762. Conversely, the yearly low was recorded on November 9, dropping to 367.5641.
This high-to-low spread represents a total annual volatility of 53.1121 KHR. From a start-to-finish perspective, comparing the January average rate of 414.5633 to the December average rate of 391.2192, the exchange rate registered a net change of -5.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 420.6762 was down 10.99% compared to the 2022 peak of 472.6128, 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 KHR 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 391.2315, compared to 387.6208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.6107 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 32.9514 KHR (High: 414.7629 / Low: 381.8115). On the other end, September was the most stable month, with a tight range of 12.0901 KHR (High: 392.3894 / Low: 380.2993).
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 January and February, when the average rate fell by 15.8285 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 414.5633) against the same month in 2022 (average: 459.8880), the exchange rate shifted by -45.3246 (-9.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 420.6762 | 401.3832 | 414.5633 |
| February | 415.7463 | 387.3269 | 398.7348 |
| March | 390.8989 | 373.6410 | 384.3329 |
| April | 394.1238 | 381.6071 | 386.8971 |
| May | 392.7799 | 367.6018 | 380.7308 |
| June | 392.3830 | 372.2895 | 382.1299 |
| July | 414.7629 | 381.8115 | 401.2056 |
| August | 407.9798 | 386.4066 | 395.3458 |
| September | 392.3894 | 380.2993 | 384.9960 |
| October | 385.2090 | 369.2769 | 375.4325 |
| November | 387.9335 | 367.5641 | 377.5259 |
| December | 405.7304 | 374.8646 | 391.2192 |