2023 NOK to TZS Historical Review

YEARLY HIGH

248.8138 TZS

YEARLY LOW

211.4529 TZS

YEARLY AVERAGE

229.4268 TZS

2023 NOK to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 248.8138. Conversely, the yearly low was recorded on May 30, dropping to 211.4529.

This high-to-low spread represents a total annual volatility of 37.3609 TZS. From a start-to-finish perspective, comparing the January average rate of 235.1755 to the December average rate of 239.1001, the exchange rate registered a net change of 1.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 248.8138 was down 8.05% compared to the 2022 peak of 270.6013, 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 1,244,069 TZS

2022 Average 1,214,016 TZS

Yearly Trough Low 1,057,265 TZS

Transaction Impact: A difference of 186,804.46 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

241.1842

216.1746

JanuMarcMayJulySeptNove

NOK to TZS 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 224.5685, compared to 234.2852 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.7168 points.

H1 Avg (Jan–Jun) 224.5685

H2 Avg (Jul–Dec) 234.2852

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 22.9621 TZS (High: 246.0093 / Low: 223.0472). On the other end, September was the most stable month, with a tight range of 4.1889 TZS (High: 235.5399 / Low: 231.3510).

July Spread (Volatile) ±22.9621

September Spread (Stable) ±4.1889

Growth Streaks & Declines

Trends

Between May and August, 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 January and February, when the average rate fell by 7.2173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.2173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 239.1001) against the same month in 2022 (average: 236.3428), the exchange rate shifted by +2.7573 (+1.17%).

2023 Avg (December) 239.1001

2022 Avg (December) 236.3428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	238.4388	227.3563	235.1755
February	235.8300	223.9170	227.9582
March	225.4053	215.5870	221.5767
April	227.6494	220.1831	223.1845
May	224.3742	211.4529	218.2587
June	227.4433	213.6727	221.2572
July	246.0093	223.0472	237.4718
August	246.0746	233.2209	238.2279
September	235.5399	231.3510	233.5258
October	234.0998	223.1519	227.7705
November	236.0537	222.5945	229.6151
December	248.8138	228.1765	239.1001