2023 NOK to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 129.0083. Conversely, the yearly low was recorded on November 7, dropping to 116.6224.
This high-to-low spread represents a total annual volatility of 12.3859 KRW. From a start-to-finish perspective, comparing the January average rate of 125.1900 to the December average rate of 123.8353, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 129.0083 was down 9.44% compared to the 2022 peak of 142.4558, 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 KRW 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 123.7728, compared to 123.6955 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0773 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 8.6552 KRW (High: 128.2746 / Low: 119.6194). On the other end, April was the most stable month, with a tight range of 2.8377 KRW (High: 127.3844 / Low: 124.5467).
Growth Streaks & Declines
TrendsBetween June and August, 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 April and May, when the average rate fell by 2.9268 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 125.1900) against the same month in 2022 (average: 135.1180), the exchange rate shifted by -9.9280 (-7.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 129.0083 | 123.4427 | 125.1900 |
| February | 127.5440 | 121.7041 | 124.8772 |
| March | 125.8041 | 121.0942 | 123.8743 |
| April | 127.3844 | 124.5467 | 125.7839 |
| May | 126.0538 | 118.0437 | 122.8572 |
| June | 122.5537 | 117.1392 | 120.0541 |
| July | 127.6958 | 121.6811 | 125.0002 |
| August | 128.9161 | 123.5515 | 126.3914 |
| September | 126.7073 | 122.2314 | 124.3310 |
| October | 126.1841 | 120.4229 | 122.7618 |
| November | 122.3402 | 116.6224 | 119.8531 |
| December | 128.2746 | 119.6194 | 123.8353 |