2023 NOK to TRY Historical Review

YEARLY HIGH

2.9098 TRY

YEARLY LOW

1.7652 TRY

YEARLY AVERAGE

2.2504 TRY

2023 NOK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 2.9098. Conversely, the yearly low was recorded on March 15, dropping to 1.7652.

This high-to-low spread represents a total annual volatility of 1.1446 TRY. From a start-to-finish perspective, comparing the January average rate of 1.8923 to the December average rate of 2.7699, the exchange rate registered a net change of 46.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9098 was up 51.78% compared to the 2022 peak of 1.9171, 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 14,549 TRY

2022 Average 8,596 TRY

Yearly Trough Low 8,826 TRY

Transaction Impact: A difference of 5,723.19 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8665

1.7070

JanuMarcMayJulySeptNove

NOK to TRY 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 1.9008, compared to 2.6000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6993 points.

H1 Avg (Jan–Jun) 1.9008

H2 Avg (Jul–Dec) 2.6000

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5398 TRY (High: 2.4300 / Low: 1.8902). On the other end, April was the most stable month, with a tight range of 0.0561 TRY (High: 1.8767 / Low: 1.8206).

June Spread (Volatile) ±0.5398

April Spread (Stable) ±0.0561

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0534 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0534

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.7699) against the same month in 2022 (average: 1.8893), the exchange rate shifted by +0.8805 (+46.61%).

2023 Avg (December) 2.7699

2022 Avg (December) 1.8893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9155	1.8302	1.8923
February	1.9031	1.8079	1.8395
March	1.8454	1.7652	1.8036
April	1.8767	1.8206	1.8412
May	1.8759	1.8013	1.8288
June	2.4300	1.8902	2.1990
July	2.6821	2.3952	2.5768
August	2.6627	2.4152	2.5710
September	2.5673	2.4963	2.5176
October	2.5732	2.5036	2.5353
November	2.7265	2.5423	2.6297
December	2.9098	2.6352	2.7699