2023 NOK to SYP Historical Review

YEARLY HIGH

256.6802 SYP

YEARLY LOW

223.8893 SYP

YEARLY AVERAGE

238.1647 SYP

2023 NOK to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 256.6802. Conversely, the yearly low was recorded on November 9, dropping to 223.8893.

This high-to-low spread represents a total annual volatility of 32.7910 SYP. From a start-to-finish perspective, comparing the January average rate of 253.1577 to the December average rate of 239.1117, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 256.6802 was down 12.39% compared to the 2022 peak of 292.9959, 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 1,283,401 SYP

2022 Average 1,311,610 SYP

Yearly Trough Low 1,119,446 SYP

Transaction Impact: A difference of 163,954.76 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

255.6309

225.9518

JanuMarcMayJulySeptNove

NOK to SYP 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 240.2207, compared to 236.1087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.1120 points.

H1 Avg (Jan–Jun) 240.2207

H2 Avg (Jul–Dec) 236.1087

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 19.7869 SYP (High: 248.7316 / Low: 228.9446). On the other end, September was the most stable month, with a tight range of 4.0540 SYP (High: 236.0933 / Low: 232.0393).

December Spread (Volatile) ±19.7869

September Spread (Stable) ±4.0540

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 7.9526 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.9526

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 253.1577) against the same month in 2022 (average: 283.8264), the exchange rate shifted by -30.6687 (-10.81%).

2023 Avg (January) 253.1577

2022 Avg (January) 283.8264

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	256.6802	244.9569	253.1577
February	254.0866	240.6683	245.2051
March	242.4267	233.5184	238.4946
April	244.4147	235.3613	239.1640
May	239.2306	224.6685	232.4441
June	239.3040	226.4750	232.8588
July	252.5869	233.4609	244.4741
August	247.8036	234.2074	239.9595
September	236.0933	232.0393	234.1899
October	234.3357	224.1807	228.4250
November	236.8435	223.8893	230.4921
December	248.7316	228.9446	239.1117