2023 NOK to XDR Historical Review

YEARLY HIGH

0.0768 XDR

YEARLY LOW

0.0671 XDR

YEARLY AVERAGE

0.0710 XDR

2023 NOK to XDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to XDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0768. Conversely, the yearly low was recorded on May 30, dropping to 0.0671.

This high-to-low spread represents a total annual volatility of 0.0096 XDR. From a start-to-finish perspective, comparing the January average rate of 0.0750 to the December average rate of 0.0714, the exchange rate registered a net change of -4.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0768 was down 8.28% compared to the 2022 peak of 0.0837, 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 384 XDR

2022 Average 381 XDR

Yearly Trough Low 336 XDR

Transaction Impact: A difference of 48.21 XDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0756

0.0682

JanuMarcMayJulySeptNove

NOK to XDR 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 0.0713, compared to 0.0707 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0713

H2 Avg (Jul–Dec) 0.0707

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0056 XDR (High: 0.0749 / Low: 0.0693). On the other end, September was the most stable month, with a tight range of 0.0015 XDR (High: 0.0716 / Low: 0.0701).

July Spread (Volatile) ±0.0056

September Spread (Stable) ±0.0015

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 0.0021 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0750) against the same month in 2022 (average: 0.0805), the exchange rate shifted by -0.0055 (-6.86%).

2023 Avg (January) 0.0750

2022 Avg (January) 0.0805

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0768	0.0731	0.0750
February	0.0750	0.0715	0.0729
March	0.0725	0.0694	0.0711
April	0.0723	0.0684	0.0705
May	0.0706	0.0671	0.0688
June	0.0715	0.0676	0.0694
July	0.0749	0.0693	0.0724
August	0.0737	0.0701	0.0715
September	0.0716	0.0701	0.0705
October	0.0713	0.0680	0.0692
November	0.0708	0.0678	0.0694
December	0.0738	0.0685	0.0714