2023 NOK to SEK Historical Review

YEARLY HIGH

1.0647 SEK

YEARLY LOW

0.9517 SEK

YEARLY AVERAGE

1.0054 SEK

2023 NOK to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.0647. Conversely, the yearly low was recorded on December 12, dropping to 0.9517.

This high-to-low spread represents a total annual volatility of 0.1130 SEK. From a start-to-finish perspective, comparing the January average rate of 1.0469 to the December average rate of 0.9743, the exchange rate registered a net change of -6.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0647 was down 3.75% compared to the 2022 peak of 1.1061, 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 5,323 SEK

2022 Average 5,264 SEK

Yearly Trough Low 4,759 SEK

Transaction Impact: A difference of 564.93 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0546

0.9615

JanuMarcMayJulySeptNove

NOK to SEK 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 1.0027, compared to 1.0080 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 1.0027

H2 Avg (Jul–Dec) 1.0080

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0472 SEK (High: 1.0084 / Low: 0.9613). On the other end, August was the most stable month, with a tight range of 0.0238 SEK (High: 1.0462 / Low: 1.0223).

April Spread (Volatile) ±0.0472

August Spread (Stable) ±0.0238

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0316 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0469) against the same month in 2022 (average: 1.0339), the exchange rate shifted by +0.0130 (+1.25%).

2023 Avg (January) 1.0469

2022 Avg (January) 1.0339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0647	1.0307	1.0469
February	1.0429	1.0048	1.0204
March	1.0180	0.9737	0.9975
April	1.0084	0.9613	0.9850
May	0.9798	0.9529	0.9693
June	1.0100	0.9775	0.9973
July	1.0395	1.0041	1.0239
August	1.0462	1.0223	1.0345
September	1.0418	1.0164	1.0339
October	1.0193	0.9910	1.0022
November	1.0016	0.9680	0.9792
December	0.9915	0.9517	0.9743