2023 NOK to SGD Historical Review

YEARLY HIGH

0.1369 SGD

YEARLY LOW

0.1208 SGD

YEARLY AVERAGE

0.1273 SGD

2023 NOK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1369. Conversely, the yearly low was recorded on May 30, dropping to 0.1208.

This high-to-low spread represents a total annual volatility of 0.0161 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1335 to the December average rate of 0.1267, the exchange rate registered a net change of -5.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1369 was down 13.30% compared to the 2022 peak of 0.1579, 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 684 SGD

2022 Average 719 SGD

Yearly Trough Low 604 SGD

Transaction Impact: A difference of 80.42 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1344

0.1227

JanuMarcMayJulySeptNove

NOK to SGD 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 0.1277, compared to 0.1268 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.1277

H2 Avg (Jul–Dec) 0.1268

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0084 SGD (High: 0.1306 / Low: 0.1223). On the other end, September was the most stable month, with a tight range of 0.0019 SGD (High: 0.1279 / Low: 0.1261).

December Spread (Volatile) ±0.0084

September Spread (Stable) ±0.0019

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 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1335) against the same month in 2022 (average: 0.1526), the exchange rate shifted by -0.0191 (-12.54%).

2023 Avg (January) 0.1335

2022 Avg (January) 0.1526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1369	0.1312	0.1335
February	0.1320	0.1283	0.1301
March	0.1296	0.1252	0.1273
April	0.1291	0.1251	0.1268
May	0.1262	0.1208	0.1240
June	0.1273	0.1215	0.1248
July	0.1330	0.1257	0.1299
August	0.1321	0.1265	0.1290
September	0.1279	0.1261	0.1271
October	0.1275	0.1223	0.1245
November	0.1256	0.1210	0.1237
December	0.1306	0.1223	0.1267