2023 NOK to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 18.6559. Conversely, the yearly low was recorded on March 25, dropping to 14.6901.
This high-to-low spread represents a total annual volatility of 3.9658 LRD. From a start-to-finish perspective, comparing the January average rate of 15.6557 to the December average rate of 17.9137, the exchange rate registered a net change of 14.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 18.6559 was up 4.54% compared to the 2022 peak of 17.8457, 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 LRD 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 15.5375, compared to 17.5293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9918 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.7122 LRD (High: 18.4675 / Low: 16.7554). On the other end, September was the most stable month, with a tight range of 0.2810 LRD (High: 17.5048 / Low: 17.2238).
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 August and September, when the average rate fell by 0.4249 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 17.9137) against the same month in 2022 (average: 15.6191), the exchange rate shifted by +2.2946 (+14.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.9657 | 15.0628 | 15.6557 |
| February | 15.8669 | 14.7298 | 15.2702 |
| March | 15.6049 | 14.6901 | 15.1376 |
| April | 15.7977 | 15.3172 | 15.5265 |
| May | 15.8533 | 15.0560 | 15.4471 |
| June | 16.7682 | 15.2952 | 16.1877 |
| July | 18.4675 | 16.7554 | 17.8796 |
| August | 18.4087 | 17.3381 | 17.7940 |
| September | 17.5048 | 17.2238 | 17.3691 |
| October | 17.4129 | 16.6851 | 16.9902 |
| November | 17.7265 | 16.7213 | 17.2291 |
| December | 18.6559 | 17.1444 | 17.9137 |