2023 NOK to SDG Historical Review

YEARLY HIGH

60.3939 SDG

YEARLY LOW

51.0356 SDG

YEARLY AVERAGE

56.5078 SDG

2023 NOK to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 60.3939. Conversely, the yearly low was recorded on November 20, dropping to 51.0356.

This high-to-low spread represents a total annual volatility of 9.3584 SDG. From a start-to-finish perspective, comparing the January average rate of 58.1233 to the December average rate of 57.1958, the exchange rate registered a net change of -1.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 60.3939 was up 0.84% compared to the 2022 peak of 59.8893, 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 301,970 SDG

2022 Average 259,072 SDG

Yearly Trough Low 255,178 SDG

Transaction Impact: A difference of 46,791.83 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

58.8711

54.2469

JanuMarcMayJulySeptNove

NOK to SDG 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 56.5657, compared to 56.4500 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1157 points.

H1 Avg (Jan–Jun) 56.5657

H2 Avg (Jul–Dec) 56.4500

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.5705 SDG (High: 56.6061 / Low: 51.0356). On the other end, September was the most stable month, with a tight range of 0.9858 SDG (High: 56.5208 / Low: 55.5350).

November Spread (Volatile) ±5.5705

September Spread (Stable) ±0.9858

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 September and October, when the average rate fell by 1.4111 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.4111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 58.4858) against the same month in 2022 (average: 45.7160), the exchange rate shifted by +12.7697 (+27.93%).

2023 Avg (July) 58.4858

2022 Avg (July) 45.7160

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.2778	55.9129	58.1233
February	59.0081	56.3229	57.1479
March	57.4098	54.3395	55.9736
April	58.2224	53.6501	56.9127
May	57.1290	53.7410	55.5165
June	57.2894	54.2182	55.7203
July	60.3939	55.7976	58.4858
August	59.3242	56.0693	57.4311
September	56.5208	55.5350	56.0434
October	56.1000	53.6243	54.6323
November	56.6061	51.0356	54.9115
December	59.4969	54.7638	57.1958