2023 SAR to NOK Historical Review

YEARLY HIGH

2.9917 NOK

YEARLY LOW

2.6027 NOK

YEARLY AVERAGE

2.8151 NOK

2023 SAR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 2.9917. Conversely, the yearly low was recorded on January 1, dropping to 2.6027.

This high-to-low spread represents a total annual volatility of 0.3890 NOK. From a start-to-finish perspective, comparing the January average rate of 2.6424 to the December average rate of 2.8037, the exchange rate registered a net change of 6.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9917 was up 3.26% compared to the 2022 peak of 2.8973, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,959 NOK

2022 Average 12,804 NOK

Yearly Trough Low 13,014 NOK

Transaction Impact: A difference of 1,944.92 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9620

2.6134

JanuMarcMayJulySeptNove

SAR 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 2.7903, compared to 2.8399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0495 points.

H1 Avg (Jan–Jun) 2.7903

H2 Avg (Jul–Dec) 2.8399

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.2327 NOK (High: 2.9266 / Low: 2.6938). On the other end, September was the most stable month, with a tight range of 0.0496 NOK (High: 2.8870 / Low: 2.8375).

December Spread (Volatile) ±0.2327

September Spread (Stable) ±0.0496

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1357 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1357

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.9077) against the same month in 2022 (average: 2.6900), the exchange rate shifted by +0.2177 (+8.09%).

2023 Avg (November) 2.9077

2022 Avg (November) 2.6900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7290	2.6027	2.6424
February	2.7844	2.6352	2.7317
March	2.8654	2.7597	2.8061
April	2.8460	2.7408	2.8009
May	2.9823	2.8005	2.8832
June	2.9584	2.7993	2.8776
July	2.8704	2.6513	2.7419
August	2.8596	2.7027	2.7924
September	2.8870	2.8375	2.8606
October	2.9878	2.8573	2.9329
November	2.9917	2.8284	2.9077
December	2.9266	2.6938	2.8037