2023 NOK to QAR Historical Review

YEARLY HIGH

0.3722 QAR

YEARLY LOW

0.3244 QAR

YEARLY AVERAGE

0.3454 QAR

2023 NOK to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3722. Conversely, the yearly low was recorded on November 9, dropping to 0.3244.

This high-to-low spread represents a total annual volatility of 0.0478 QAR. From a start-to-finish perspective, comparing the January average rate of 0.3672 to the December average rate of 0.3469, the exchange rate registered a net change of -5.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3722 was down 12.36% compared to the 2022 peak of 0.4247, 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 1,861 QAR

2022 Average 1,902 QAR

Yearly Trough Low 1,622 QAR

Transaction Impact: A difference of 238.82 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3708

0.3276

JanuMarcMayJulySeptNove

NOK to QAR 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 0.3484, compared to 0.3423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.3484

H2 Avg (Jul–Dec) 0.3423

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0285 QAR (High: 0.3604 / Low: 0.3319). On the other end, September was the most stable month, with a tight range of 0.0065 QAR (High: 0.3428 / Low: 0.3363).

December Spread (Volatile) ±0.0285

September Spread (Stable) ±0.0065

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 0.0112 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3672) against the same month in 2022 (average: 0.4114), the exchange rate shifted by -0.0442 (-10.74%).

2023 Avg (January) 0.3672

2022 Avg (January) 0.4114

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3722	0.3550	0.3672
February	0.3687	0.3494	0.3559
March	0.3526	0.3371	0.3462
April	0.3579	0.3371	0.3470
May	0.3467	0.3256	0.3369
June	0.3467	0.3282	0.3376
July	0.3660	0.3384	0.3542
August	0.3595	0.3395	0.3480
September	0.3428	0.3363	0.3395
October	0.3398	0.3250	0.3312
November	0.3432	0.3244	0.3339
December	0.3604	0.3319	0.3469