2023 NOK to SBD Historical Review

YEARLY HIGH

0.8457 SBD

YEARLY LOW

0.7452 SBD

YEARLY AVERAGE

0.7909 SBD

2023 NOK to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8457. Conversely, the yearly low was recorded on May 30, dropping to 0.7452.

This high-to-low spread represents a total annual volatility of 0.1005 SBD. From a start-to-finish perspective, comparing the January average rate of 0.8327 to the December average rate of 0.8048, the exchange rate registered a net change of -3.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8457 was down 9.55% compared to the 2022 peak of 0.9350, 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 4,229 SBD

2022 Average 4,247 SBD

Yearly Trough Low 3,726 SBD

Transaction Impact: A difference of 502.49 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8393

0.7601

JanuMarcMayJulySeptNove

NOK to SBD 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 0.7916, compared to 0.7903 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.7916

H2 Avg (Jul–Dec) 0.7903

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0663 SBD (High: 0.8413 / Low: 0.7750). On the other end, September was the most stable month, with a tight range of 0.0153 SBD (High: 0.7895 / Low: 0.7742).

July Spread (Volatile) ±0.0663

September Spread (Stable) ±0.0153

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 0.0292 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0292

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8327) against the same month in 2022 (average: 0.9124), the exchange rate shifted by -0.0796 (-8.73%).

2023 Avg (January) 0.8327

2022 Avg (January) 0.9124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8457	0.8058	0.8327
February	0.8338	0.7898	0.8035
March	0.7963	0.7640	0.7812
April	0.8042	0.7782	0.7893
May	0.7935	0.7452	0.7703
June	0.7938	0.7515	0.7725
July	0.8413	0.7750	0.8140
August	0.8254	0.7802	0.7993
September	0.7895	0.7742	0.7829
October	0.7866	0.7533	0.7667
November	0.7989	0.7490	0.7740
December	0.8355	0.7713	0.8048