2023 NOK to MOP Historical Review

YEARLY HIGH

0.8237 MOP

YEARLY LOW

0.7167 MOP

YEARLY AVERAGE

0.7641 MOP

2023 NOK to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.8237. Conversely, the yearly low was recorded on November 9, dropping to 0.7167.

This high-to-low spread represents a total annual volatility of 0.1071 MOP. From a start-to-finish perspective, comparing the January average rate of 0.8115 to the December average rate of 0.7664, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8237 was down 12.40% compared to the 2022 peak of 0.9403, 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 4,119 MOP

2022 Average 4,210 MOP

Yearly Trough Low 3,583 MOP

Transaction Impact: A difference of 535.28 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8195

0.7244

JanuMarcMayJulySeptNove

NOK to MOP 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 0.7716, compared to 0.7566 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0151 points.

H1 Avg (Jan–Jun) 0.7716

H2 Avg (Jul–Dec) 0.7566

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0639 MOP (High: 0.8100 / Low: 0.7461). On the other end, September was the most stable month, with a tight range of 0.0149 MOP (High: 0.7588 / Low: 0.7439).

July Spread (Volatile) ±0.0639

September Spread (Stable) ±0.0149

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 0.0227 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0227

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8115) against the same month in 2022 (average: 0.9067), the exchange rate shifted by -0.0951 (-10.49%).

2023 Avg (January) 0.8115

2022 Avg (January) 0.9067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8237	0.7845	0.8115
February	0.8168	0.7739	0.7889
March	0.7791	0.7449	0.7663
April	0.7870	0.7475	0.7689
May	0.7696	0.7213	0.7467
June	0.7683	0.7286	0.7476
July	0.8100	0.7461	0.7826
August	0.7936	0.7529	0.7697
September	0.7588	0.7439	0.7516
October	0.7540	0.7188	0.7323
November	0.7565	0.7167	0.7368
December	0.7961	0.7333	0.7664