2023 NOK to UZS Historical Review

YEARLY HIGH

1224.2650 UZS

YEARLY LOW

1019.6232 UZS

YEARLY AVERAGE

1111.9295 UZS

2023 NOK to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1224.2650. Conversely, the yearly low was recorded on May 30, dropping to 1019.6232.

This high-to-low spread represents a total annual volatility of 204.6418 UZS. From a start-to-finish perspective, comparing the January average rate of 1138.9357 to the December average rate of 1175.7565, the exchange rate registered a net change of 3.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1224.2650 was down 8.78% compared to the 2022 peak of 1342.0492, 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 6,121,325 UZS

2022 Average 5,769,440 UZS

Yearly Trough Low 5,098,116 UZS

Transaction Impact: A difference of 1,023,208.76 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1187.4761

1046.8409

JanuMarcMayJulySeptNove

NOK to UZS 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 1088.8267, compared to 1135.0324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 46.2057 points.

H1 Avg (Jan–Jun) 1088.8267

H2 Avg (Jul–Dec) 1135.0324

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 101.5684 UZS (High: 1224.2650 / Low: 1122.6966). On the other end, September was the most stable month, with a tight range of 19.9756 UZS (High: 1145.0005 / Low: 1125.0250).

December Spread (Volatile) ±101.5684

September Spread (Stable) ±19.9756

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 32.4361 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -32.4361

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1175.7565) against the same month in 2022 (average: 1139.8020), the exchange rate shifted by +35.9545 (+3.15%).

2023 Avg (December) 1175.7565

2022 Avg (December) 1139.8020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1154.6991	1101.1303	1138.9357
February	1140.6543	1086.5726	1106.4996
March	1099.8867	1047.9594	1080.4090
April	1110.9183	1056.1901	1085.7243
May	1090.5944	1019.6232	1058.5605
June	1092.5564	1031.4352	1062.8311
July	1164.1042	1065.1261	1126.2935
August	1161.7661	1122.8871	1137.7890
September	1145.0005	1125.0250	1133.9716
October	1139.8785	1088.5433	1110.5316
November	1160.7593	1094.6703	1125.8521
December	1224.2650	1122.6966	1175.7565