2023 NOK to PEN Historical Review

YEARLY HIGH

0.3956 PEN

YEARLY LOW

0.3285 PEN

YEARLY AVERAGE

0.3546 PEN

2023 NOK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.3956. Conversely, the yearly low was recorded on May 30, dropping to 0.3285.

This high-to-low spread represents a total annual volatility of 0.0671 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3852 to the December average rate of 0.3555, the exchange rate registered a net change of -7.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3956 was down 12.80% compared to the 2022 peak of 0.4537, 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 1,978 PEN

2022 Average 2,000 PEN

Yearly Trough Low 1,643 PEN

Transaction Impact: A difference of 335.32 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3900

0.3331

JanuMarcMayJulySeptNove

NOK to PEN 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 0.3591, compared to 0.3500 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 0.3591

H2 Avg (Jul–Dec) 0.3500

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0248 PEN (High: 0.3956 / Low: 0.3708). On the other end, September was the most stable month, with a tight range of 0.0122 PEN (High: 0.3557 / Low: 0.3435).

January Spread (Volatile) ±0.0248

September Spread (Stable) ±0.0122

Growth Streaks & Declines

Trends

Between June and August, 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 April and May, when the average rate fell by 0.0168 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3852) against the same month in 2022 (average: 0.4399), the exchange rate shifted by -0.0547 (-12.43%).

2023 Avg (January) 0.3852

2022 Avg (January) 0.4399

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3956	0.3708	0.3852
February	0.3889	0.3642	0.3745
March	0.3655	0.3491	0.3585
April	0.3664	0.3448	0.3576
May	0.3528	0.3285	0.3408
June	0.3472	0.3318	0.3379
July	0.3597	0.3359	0.3501
August	0.3640	0.3449	0.3525
September	0.3557	0.3435	0.3471
October	0.3555	0.3421	0.3490
November	0.3562	0.3360	0.3459
December	0.3654	0.3417	0.3555