2023 NOK to TOP Historical Review

YEARLY HIGH

0.2392 TOP

YEARLY LOW

0.2128 TOP

YEARLY AVERAGE

0.2238 TOP

2023 NOK to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2392. Conversely, the yearly low was recorded on May 30, dropping to 0.2128.

This high-to-low spread represents a total annual volatility of 0.0264 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2347 to the December average rate of 0.2236, the exchange rate registered a net change of -4.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2392 was down 9.08% compared to the 2022 peak of 0.2631, 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 1,196 TOP

2022 Average 1,215 TOP

Yearly Trough Low 1,064 TOP

Transaction Impact: A difference of 131.95 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2364

0.2163

JanuMarcMayJulySeptNove

NOK to TOP 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 0.2246, compared to 0.2231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.2246

H2 Avg (Jul–Dec) 0.2231

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0178 TOP (High: 0.2365 / Low: 0.2187). On the other end, September was the most stable month, with a tight range of 0.0044 TOP (High: 0.2250 / Low: 0.2206).

July Spread (Volatile) ±0.0178

September Spread (Stable) ±0.0044

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 0.0066 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2347) against the same month in 2022 (average: 0.2571), the exchange rate shifted by -0.0224 (-8.71%).

2023 Avg (January) 0.2347

2022 Avg (January) 0.2571

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2392	0.2285	0.2347
February	0.2342	0.2254	0.2281
March	0.2276	0.2187	0.2239
April	0.2287	0.2212	0.2240
May	0.2232	0.2128	0.2182
June	0.2233	0.2136	0.2185
July	0.2365	0.2187	0.2285
August	0.2337	0.2225	0.2271
September	0.2250	0.2206	0.2229
October	0.2229	0.2144	0.2179
November	0.2230	0.2128	0.2186
December	0.2309	0.2154	0.2236