2023 NOK to SAR Historical Review

YEARLY HIGH

0.3842 SAR

YEARLY LOW

0.3343 SAR

YEARLY AVERAGE

0.3556 SAR

2023 NOK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3842. Conversely, the yearly low was recorded on November 9, dropping to 0.3343.

This high-to-low spread represents a total annual volatility of 0.0500 SAR. From a start-to-finish perspective, comparing the January average rate of 0.3785 to the December average rate of 0.3570, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3842 was down 12.20% compared to the 2022 peak of 0.4376, 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 1,921 SAR

2022 Average 1,960 SAR

Yearly Trough Low 1,671 SAR

Transaction Impact: A difference of 249.78 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3822

0.3373

JanuMarcMayJulySeptNove

NOK to SAR 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 0.3588, compared to 0.3525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.3588

H2 Avg (Jul–Dec) 0.3525

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0295 SAR (High: 0.3712 / Low: 0.3417). On the other end, September was the most stable month, with a tight range of 0.0061 SAR (High: 0.3524 / Low: 0.3464).

December Spread (Volatile) ±0.0295

September Spread (Stable) ±0.0061

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 0.0123 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0123

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3785) against the same month in 2022 (average: 0.4240), the exchange rate shifted by -0.0455 (-10.74%).

2023 Avg (January) 0.3785

2022 Avg (January) 0.4240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3842	0.3664	0.3785
February	0.3795	0.3591	0.3661
March	0.3624	0.3490	0.3564
April	0.3649	0.3514	0.3571
May	0.3571	0.3353	0.3470
June	0.3572	0.3380	0.3476
July	0.3772	0.3484	0.3650
August	0.3700	0.3497	0.3583
September	0.3524	0.3464	0.3496
October	0.3500	0.3347	0.3410
November	0.3536	0.3343	0.3440
December	0.3712	0.3417	0.3570