2023 NOK to SOS Historical Review

YEARLY HIGH

58.1180 SOS

YEARLY LOW

50.8300 SOS

YEARLY AVERAGE

53.9660 SOS

2023 NOK to SOS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 58.1180. Conversely, the yearly low was recorded on May 30, dropping to 50.8300.

This high-to-low spread represents a total annual volatility of 7.2880 SOS. From a start-to-finish perspective, comparing the January average rate of 57.3009 to the December average rate of 54.4111, the exchange rate registered a net change of -5.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 58.1180 was down 14.54% compared to the 2022 peak of 68.0049, 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 290,590 SOS

2022 Average 300,555 SOS

Yearly Trough Low 254,150 SOS

Transaction Impact: A difference of 36,439.89 SOS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

57.8409

51.3616

JanuMarcMayJulySeptNove

NOK to SOS 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 54.3495, compared to 53.5825 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7669 points.

H1 Avg (Jan–Jun) 54.3495

H2 Avg (Jul–Dec) 53.5825

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 4.5563 SOS (High: 57.1990 / Low: 52.6426). On the other end, September was the most stable month, with a tight range of 1.0609 SOS (High: 53.6365 / Low: 52.5756).

July Spread (Volatile) ±4.5563

September Spread (Stable) ±1.0609

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 1.8035 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.8035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 57.3009) against the same month in 2022 (average: 65.7202), the exchange rate shifted by -8.4193 (-12.81%).

2023 Avg (January) 57.3009

2022 Avg (January) 65.7202

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	58.1180	55.4811	57.3009
February	57.4865	54.4202	55.4975
March	54.8446	52.3757	53.9161
April	55.3646	52.8317	54.0750
May	54.1669	50.8300	52.6012
June	54.2067	51.2665	52.7061
July	57.1990	52.6426	55.3416
August	56.1855	53.0480	54.3615
September	53.6365	52.5756	53.1403
October	53.2951	50.9968	51.9015
November	53.8724	50.9048	52.3392
December	56.5525	52.1396	54.4111