2023 NOK to TJS Historical Review

YEARLY HIGH

1.0996 TJS

YEARLY LOW

0.9365 TJS

YEARLY AVERAGE

1.0236 TJS

2023 NOK to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1.0996. Conversely, the yearly low was recorded on March 7, dropping to 0.9365.

This high-to-low spread represents a total annual volatility of 0.1631 TJS. From a start-to-finish perspective, comparing the January average rate of 1.0310 to the December average rate of 1.0411, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0996 was down 27.49% compared to the 2022 peak of 1.5164, 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 5,498 TJS

2022 Average 5,752 TJS

Yearly Trough Low 4,682 TJS

Transaction Impact: A difference of 815.43 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0698

0.9905

JanuMarcMayJulySeptNove

NOK to TJS 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 1.0180, compared to 1.0293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0114 points.

H1 Avg (Jan–Jun) 1.0180

H2 Avg (Jul–Dec) 1.0293

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1161 TJS (High: 1.0526 / Low: 0.9365). On the other end, September was the most stable month, with a tight range of 0.0184 TJS (High: 1.0329 / Low: 1.0145).

March Spread (Volatile) ±0.1161

September Spread (Stable) ±0.0184

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 April and May, when the average rate fell by 0.0281 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0281

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0632) against the same month in 2022 (average: 1.0217), the exchange rate shifted by +0.0415 (+4.06%).

2023 Avg (July) 1.0632

2022 Avg (July) 1.0217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0465	0.9954	1.0310
February	1.0489	0.9592	1.0141
March	1.0526	0.9365	1.0021
April	1.0618	1.0099	1.0383
May	1.0405	0.9767	1.0101
June	1.0398	0.9850	1.0122
July	1.0996	1.0103	1.0632
August	1.0818	1.0230	1.0482
September	1.0329	1.0145	1.0236
October	1.0267	0.9775	0.9972
November	1.0282	0.9779	1.0028
December	1.0804	0.9945	1.0411