2023 NOK to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 91.9441. Conversely, the yearly low was recorded on November 9, dropping to 80.1982.
This high-to-low spread represents a total annual volatility of 11.7459 KPW. From a start-to-finish perspective, comparing the January average rate of 90.6823 to the December average rate of 85.6509, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 91.9441 was down 12.41% compared to the 2022 peak of 104.9746, 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 KPW 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 86.0482, compared to 84.5753 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4729 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 7.0878 KPW (High: 89.0968 / Low: 82.0090). On the other end, September was the most stable month, with a tight range of 1.4522 KPW (High: 84.5697 / Low: 83.1176).
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 2.8487 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 90.6823) against the same month in 2022 (average: 101.6835), the exchange rate shifted by -11.0012 (-10.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 91.9441 | 87.7447 | 90.6823 |
| February | 91.0150 | 86.2085 | 87.8336 |
| March | 86.8384 | 83.6474 | 85.4299 |
| April | 87.5505 | 84.3075 | 85.6697 |
| May | 85.6935 | 80.4773 | 83.2626 |
| June | 85.7198 | 81.1244 | 83.4111 |
| July | 90.4778 | 83.6268 | 87.5718 |
| August | 88.7644 | 83.8942 | 85.9546 |
| September | 84.5697 | 83.1176 | 83.8879 |
| October | 83.9402 | 80.3026 | 81.8229 |
| November | 84.8384 | 80.1982 | 82.5633 |
| December | 89.0968 | 82.0090 | 85.6509 |