2023 NOK to NPR Historical Review

YEARLY HIGH

13.4982 NPR

YEARLY LOW

11.8288 NPR

YEARLY AVERAGE

12.5183 NPR

2023 NOK to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 13.4982. Conversely, the yearly low was recorded on May 30, dropping to 11.8288.

This high-to-low spread represents a total annual volatility of 1.6695 NPR. From a start-to-finish perspective, comparing the January average rate of 13.1907 to the December average rate of 12.6869, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.4982 was down 4.97% compared to the 2022 peak of 14.2043, 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 67,491 NPR

2022 Average 65,509 NPR

Yearly Trough Low 59,144 NPR

Transaction Impact: A difference of 8,347.29 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.3002

11.9857

JanuMarcMayJulySeptNove

NOK to NPR 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 12.5686, compared to 12.4680 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1007 points.

H1 Avg (Jan–Jun) 12.5686

H2 Avg (Jul–Dec) 12.4680

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.1846 NPR (High: 13.3142 / Low: 12.1296). On the other end, September was the most stable month, with a tight range of 0.1766 NPR (High: 12.4705 / Low: 12.2940).

July Spread (Volatile) ±1.1846

September Spread (Stable) ±0.1766

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 February and March, when the average rate fell by 0.4107 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 13.1907) against the same month in 2022 (average: 13.4516), the exchange rate shifted by -0.2610 (-1.94%).

2023 Avg (January) 13.1907

2022 Avg (January) 13.4516

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.4982	12.9076	13.1907
February	13.2629	12.6754	12.8966
March	12.7485	12.1737	12.4858
April	12.8139	12.0994	12.4729
May	12.5059	11.8288	12.1790
June	12.5184	11.9228	12.1870
July	13.3142	12.1296	12.7815
August	13.0693	12.3085	12.6535
September	12.4705	12.2940	12.3792
October	12.4190	11.8737	12.0953
November	12.5612	11.8742	12.2114
December	13.2016	12.1635	12.6869