2023 NOK to NZD Historical Review

YEARLY HIGH

0.1617 NZD

YEARLY LOW

0.1452 NZD

YEARLY AVERAGE

0.1543 NZD

2023 NOK to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 0.1617. Conversely, the yearly low was recorded on May 20, dropping to 0.1452.

This high-to-low spread represents a total annual volatility of 0.0165 NZD. From a start-to-finish perspective, comparing the January average rate of 0.1573 to the December average rate of 0.1528, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1617 was down 6.00% compared to the 2022 peak of 0.1720, 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 808 NZD

2022 Average 821 NZD

Yearly Trough Low 726 NZD

Transaction Impact: A difference of 82.40 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1605

0.1480

JanuMarcMayJulySeptNove

NOK to NZD 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 0.1532, compared to 0.1555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.1532

H2 Avg (Jul–Dec) 0.1555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0099 NZD (High: 0.1607 / Low: 0.1508). On the other end, October was the most stable month, with a tight range of 0.0028 NZD (High: 0.1556 / Low: 0.1529).

July Spread (Volatile) ±0.0099

October Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1595) against the same month in 2022 (average: 0.1643), the exchange rate shifted by -0.0049 (-2.95%).

2023 Avg (August) 0.1595

2022 Avg (August) 0.1643

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1608	0.1549	0.1573
February	0.1569	0.1533	0.1554
March	0.1549	0.1490	0.1529
April	0.1553	0.1514	0.1533
May	0.1512	0.1452	0.1490
June	0.1529	0.1483	0.1510
July	0.1607	0.1508	0.1563
August	0.1617	0.1574	0.1595
September	0.1590	0.1550	0.1572
October	0.1556	0.1529	0.1542
November	0.1549	0.1503	0.1529
December	0.1560	0.1484	0.1528