2023 NOK to KWD Historical Review

YEARLY HIGH

0.0312 KWD

YEARLY LOW

0.0275 KWD

YEARLY AVERAGE

0.0291 KWD

2023 NOK to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0312. Conversely, the yearly low was recorded on May 30, dropping to 0.0275.

This high-to-low spread represents a total annual volatility of 0.0038 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0308 to the December average rate of 0.0293, the exchange rate registered a net change of -4.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0312 was down 11.80% compared to the 2022 peak of 0.0354, 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 156 KWD

2022 Average 160 KWD

Yearly Trough Low 137 KWD

Transaction Impact: A difference of 18.76 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0311

0.0278

JanuMarcMayJulySeptNove

NOK to KWD 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 0.0293, compared to 0.0290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0293

H2 Avg (Jul–Dec) 0.0290

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0023 KWD (High: 0.0308 / Low: 0.0284). On the other end, September was the most stable month, with a tight range of 0.0004 KWD (High: 0.0290 / Low: 0.0286).

July Spread (Volatile) ±0.0023

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between 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 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0308) against the same month in 2022 (average: 0.0342), the exchange rate shifted by -0.0034 (-9.91%).

2023 Avg (January) 0.0308

2022 Avg (January) 0.0342

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0312	0.0299	0.0308
February	0.0308	0.0294	0.0299
March	0.0296	0.0283	0.0291
April	0.0298	0.0286	0.0292
May	0.0292	0.0275	0.0284
June	0.0292	0.0277	0.0285
July	0.0308	0.0284	0.0298
August	0.0303	0.0288	0.0294
September	0.0290	0.0286	0.0288
October	0.0288	0.0276	0.0281
November	0.0291	0.0275	0.0283
December	0.0304	0.0281	0.0293