2023 NOK to XAF Historical Review

YEARLY HIGH

62.5962 XAF

YEARLY LOW

54.6565 XAF

YEARLY AVERAGE

57.4518 XAF

2023 NOK to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 62.5962. Conversely, the yearly low was recorded on May 30, dropping to 54.6565.

This high-to-low spread represents a total annual volatility of 7.9398 XAF. From a start-to-finish perspective, comparing the January average rate of 61.2673 to the December average rate of 57.1384, the exchange rate registered a net change of -6.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 62.5962 was down 9.84% compared to the 2022 peak of 69.4250, 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 312,981 XAF

2022 Average 324,800 XAF

Yearly Trough Low 273,282 XAF

Transaction Impact: A difference of 39,698.77 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

61.8334

55.0403

JanuMarcMayJulySeptNove

NOK to XAF 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 57.9749, compared to 56.9286 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0463 points.

H1 Avg (Jan–Jun) 57.9749

H2 Avg (Jul–Dec) 56.9286

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 3.2012 XAF (High: 58.5052 / Low: 55.3040). On the other end, September was the most stable month, with a tight range of 1.3258 XAF (High: 58.0634 / Low: 56.7375).

April Spread (Volatile) ±3.2012

September Spread (Stable) ±1.3258

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 1.7039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.7039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 61.2673) against the same month in 2022 (average: 65.4598), the exchange rate shifted by -4.1925 (-6.40%).

2023 Avg (January) 61.2673

2022 Avg (January) 65.4598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	62.5962	60.4925	61.2673
February	60.5820	59.1512	59.8148
March	59.3773	56.8793	58.1108
April	58.5052	55.3040	56.8242
May	56.9294	54.6565	55.7733
June	57.0796	55.1294	56.0590
July	58.9753	55.9333	57.7089
August	58.7836	56.4842	57.4171
September	58.0634	56.7375	57.2570
October	57.9121	55.3908	56.4439
November	56.3224	54.7963	55.6064
December	58.5395	55.4198	57.1384