2023 NOK to SVC Historical Review

YEARLY HIGH

0.8940 SVC

YEARLY LOW

0.7796 SVC

YEARLY AVERAGE

0.8291 SVC

2023 NOK to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8940. Conversely, the yearly low was recorded on November 9, dropping to 0.7796.

This high-to-low spread represents a total annual volatility of 0.1144 SVC. From a start-to-finish perspective, comparing the January average rate of 0.8817 to the December average rate of 0.8336, the exchange rate registered a net change of -5.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8940 was down 12.40% compared to the 2022 peak of 1.0206, 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 4,470 SVC

2022 Average 4,568 SVC

Yearly Trough Low 3,898 SVC

Transaction Impact: A difference of 571.92 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8903

0.7862

JanuMarcMayJulySeptNove

NOK to SVC 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 0.8362, compared to 0.8219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0142 points.

H1 Avg (Jan–Jun) 0.8362

H2 Avg (Jul–Dec) 0.8219

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0706 SVC (High: 0.8795 / Low: 0.8088). On the other end, September was the most stable month, with a tight range of 0.0147 SVC (High: 0.8227 / Low: 0.8080).

July Spread (Volatile) ±0.0706

September Spread (Stable) ±0.0147

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 0.0276 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8817) against the same month in 2022 (average: 0.9884), the exchange rate shifted by -0.1067 (-10.80%).

2023 Avg (January) 0.8817

2022 Avg (January) 0.9884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8940	0.8536	0.8817
February	0.8848	0.8377	0.8540
March	0.8431	0.8061	0.8293
April	0.8516	0.8089	0.8320
May	0.8337	0.7822	0.8091
June	0.8339	0.7893	0.8108
July	0.8795	0.8088	0.8504
August	0.8632	0.8156	0.8356
September	0.8227	0.8080	0.8154
October	0.8178	0.7807	0.7949
November	0.8242	0.7796	0.8017
December	0.8661	0.7983	0.8336