2023 NOK to XCD Historical Review

YEARLY HIGH

0.2761 XCD

YEARLY LOW

0.2408 XCD

YEARLY AVERAGE

0.2562 XCD

2023 NOK to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2761. Conversely, the yearly low was recorded on November 9, dropping to 0.2408.

This high-to-low spread represents a total annual volatility of 0.0353 XCD. From a start-to-finish perspective, comparing the January average rate of 0.2723 to the December average rate of 0.2572, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2761 was down 12.41% compared to the 2022 peak of 0.3152, 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 1,380 XCD

2022 Average 1,411 XCD

Yearly Trough Low 1,204 XCD

Transaction Impact: A difference of 176.35 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2750

0.2430

JanuMarcMayJulySeptNove

NOK to XCD 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 0.2584, compared to 0.2540 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.2584

H2 Avg (Jul–Dec) 0.2540

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0213 XCD (High: 0.2675 / Low: 0.2463). On the other end, September was the most stable month, with a tight range of 0.0044 XCD (High: 0.2539 / Low: 0.2496).

December Spread (Volatile) ±0.0213

September Spread (Stable) ±0.0044

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 January and February, when the average rate fell by 0.0086 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2723) against the same month in 2022 (average: 0.3053), the exchange rate shifted by -0.0330 (-10.82%).

2023 Avg (January) 0.2723

2022 Avg (January) 0.3053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2761	0.2635	0.2723
February	0.2733	0.2589	0.2637
March	0.2608	0.2512	0.2565
April	0.2629	0.2532	0.2573
May	0.2573	0.2417	0.2500
June	0.2574	0.2436	0.2505
July	0.2717	0.2511	0.2630
August	0.2665	0.2519	0.2581
September	0.2539	0.2496	0.2519
October	0.2521	0.2411	0.2457
November	0.2548	0.2408	0.2479
December	0.2675	0.2463	0.2572