2023 PEN to NOK Historical Review

YEARLY HIGH

3.0437 NOK

YEARLY LOW

2.5277 NOK

YEARLY AVERAGE

2.8247 NOK

2023 PEN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 3.0437. Conversely, the yearly low was recorded on January 26, dropping to 2.5277.

This high-to-low spread represents a total annual volatility of 0.5160 NOK. From a start-to-finish perspective, comparing the January average rate of 2.5964 to the December average rate of 2.8144, the exchange rate registered a net change of 8.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0437 was up 10.29% compared to the 2022 peak of 2.7597, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PEN based on timing:

Yearly Peak High 15,219 NOK

2022 Average 12,539 NOK

Yearly Trough Low 12,639 NOK

Transaction Impact: A difference of 2,579.88 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9963

2.5600

JanuMarcMayJulySeptNove

PEN to NOK 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 2.7914, compared to 2.8580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0666 points.

H1 Avg (Jan–Jun) 2.7914

H2 Avg (Jul–Dec) 2.8580

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2089 NOK (High: 3.0437 / Low: 2.8349). On the other end, September was the most stable month, with a tight range of 0.0996 NOK (High: 2.9110 / Low: 2.8114).

May Spread (Volatile) ±0.2089

September Spread (Stable) ±0.0996

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1023 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.9354) against the same month in 2022 (average: 2.5568), the exchange rate shifted by +0.3787 (+14.81%).

2023 Avg (May) 2.9354

2022 Avg (May) 2.5568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6966	2.5277	2.5964
February	2.7458	2.5713	2.6705
March	2.8643	2.7359	2.7896
April	2.9001	2.7292	2.7967
May	3.0437	2.8349	2.9354
June	3.0135	2.8801	2.9600
July	2.9773	2.7799	2.8577
August	2.8998	2.7470	2.8373
September	2.9110	2.8114	2.8813
October	2.9231	2.8133	2.8656
November	2.9759	2.8075	2.8918
December	2.9262	2.7366	2.8144