2023 NOK to VND Historical Review

YEARLY HIGH

2414.5631 VND

YEARLY LOW

2100.0288 VND

YEARLY AVERAGE

2258.7678 VND

2023 NOK to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2414.5631. Conversely, the yearly low was recorded on May 30, dropping to 2100.0288.

This high-to-low spread represents a total annual volatility of 314.5343 VND. From a start-to-finish perspective, comparing the January average rate of 2364.7239 to the December average rate of 2311.0767, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2414.5631 was down 9.42% compared to the 2022 peak of 2665.7178, 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 12,072,815 VND

2022 Average 12,204,522 VND

Yearly Trough Low 10,500,144 VND

Transaction Impact: A difference of 1,572,671.51 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2384.1086

2151.4923

JanuMarcMayJulySeptNove

NOK to VND 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 2249.5053, compared to 2268.0303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.5249 points.

H1 Avg (Jan–Jun) 2249.5053

H2 Avg (Jul–Dec) 2268.0303

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 199.0985 VND (High: 2411.3141 / Low: 2212.2156). On the other end, September was the most stable month, with a tight range of 31.4733 VND (High: 2276.1957 / Low: 2244.7224).

December Spread (Volatile) ±199.0985

September Spread (Stable) ±31.4733

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 February and March, when the average rate fell by 67.2815 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -67.2815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2364.7239) against the same month in 2022 (average: 2565.2612), the exchange rate shifted by -200.5373 (-7.82%).

2023 Avg (January) 2364.7239

2022 Avg (January) 2565.2612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2414.5631	2289.6560	2364.7239
February	2371.3868	2271.9202	2307.7493
March	2285.3593	2191.2433	2240.4677
April	2284.5811	2198.1706	2234.0473
May	2234.8323	2100.0288	2170.8770
June	2241.5733	2117.4125	2179.1669
July	2379.9935	2194.1901	2302.1539
August	2341.0191	2236.9237	2279.4610
September	2276.1957	2244.7224	2257.8021
October	2266.8252	2192.5328	2225.7589
November	2284.9338	2169.9529	2231.9289
December	2411.3141	2212.2156	2311.0767