2023 NOK to MNT Historical Review

YEARLY HIGH

353.7683 MNT

YEARLY LOW

307.4264 MNT

YEARLY AVERAGE

328.1040 MNT

2023 NOK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 353.7683. Conversely, the yearly low was recorded on November 9, dropping to 307.4264.

This high-to-low spread represents a total annual volatility of 46.3418 MNT. From a start-to-finish perspective, comparing the January average rate of 343.2793 to the December average rate of 328.3286, the exchange rate registered a net change of -4.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 353.7683 was up 0.94% compared to the 2022 peak of 350.4901, 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 1,768,841 MNT

2022 Average 1,625,639 MNT

Yearly Trough Low 1,537,132 MNT

Transaction Impact: A difference of 231,709.22 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

346.2417

310.6920

JanuMarcMayJulySeptNove

NOK to MNT 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 331.0297, compared to 325.1783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.8514 points.

H1 Avg (Jan–Jun) 331.0297

H2 Avg (Jul–Dec) 325.1783

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 27.1698 MNT (High: 341.5378 / Low: 314.3680). On the other end, September was the most stable month, with a tight range of 5.5666 MNT (High: 324.1839 / Low: 318.6173).

December Spread (Volatile) ±27.1698

September Spread (Stable) ±5.5666

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 July and August, when the average rate fell by 12.0382 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -12.0382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 341.5309) against the same month in 2022 (average: 314.7833), the exchange rate shifted by +26.7477 (+8.50%).

2023 Avg (July) 341.5309

2022 Avg (July) 314.7833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	348.0558	332.1590	343.2793
February	344.5388	326.3438	332.4956
March	335.4687	316.6486	323.7408
April	342.3224	329.6424	334.9684
May	335.0616	314.6662	325.5566
June	335.1645	317.1965	326.1374
July	353.7683	326.9807	341.5309
August	340.2635	321.5943	329.4928
September	324.1839	318.6173	321.5704
October	321.7706	307.8266	313.6545
November	325.2140	307.4264	316.4928
December	341.5378	314.3680	328.3286