2023 SEK to NOK Historical Review

YEARLY HIGH

1.0507 NOK

YEARLY LOW

0.9392 NOK

YEARLY AVERAGE

0.9954 NOK

2023 SEK to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 1.0507. Conversely, the yearly low was recorded on January 1, dropping to 0.9392.

This high-to-low spread represents a total annual volatility of 0.1115 NOK. From a start-to-finish perspective, comparing the January average rate of 0.9553 to the December average rate of 1.0265, the exchange rate registered a net change of 7.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0507 was up 6.69% compared to the 2022 peak of 0.9849, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,254 NOK

2022 Average 4,751 NOK

Yearly Trough Low 4,696 NOK

Transaction Impact: A difference of 557.53 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0394

0.9476

JanuMarcMayJulySeptNove

SEK 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 0.9980, compared to 0.9927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.9980

H2 Avg (Jul–Dec) 0.9927

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0487 NOK (High: 1.0403 / Low: 0.9916). On the other end, August was the most stable month, with a tight range of 0.0223 NOK (High: 0.9781 / Low: 0.9559).

April Spread (Volatile) ±0.0487

August Spread (Stable) ±0.0223

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0289 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0289

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.0265) against the same month in 2022 (average: 0.9500), the exchange rate shifted by +0.0765 (+8.06%).

2023 Avg (December) 1.0265

2022 Avg (December) 0.9500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9702	0.9392	0.9553
February	0.9953	0.9589	0.9801
March	1.0270	0.9823	1.0026
April	1.0403	0.9916	1.0154
May	1.0494	1.0206	1.0317
June	1.0230	0.9901	1.0028
July	0.9960	0.9620	0.9768
August	0.9781	0.9559	0.9667
September	0.9839	0.9599	0.9673
October	1.0091	0.9810	0.9978
November	1.0331	0.9984	1.0213
December	1.0507	1.0085	1.0265