2023 SRD to NOK Historical Review

YEARLY HIGH

0.3246 NOK

YEARLY LOW

0.2611 NOK

YEARLY AVERAGE

0.2893 NOK

2023 SRD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.3246. Conversely, the yearly low was recorded on July 19, dropping to 0.2611.

This high-to-low spread represents a total annual volatility of 0.0635 NOK. From a start-to-finish perspective, comparing the January average rate of 0.3120 to the December average rate of 0.2814, the exchange rate registered a net change of -9.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3246 was down 31.23% compared to the 2022 peak of 0.4720, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,623 NOK

2022 Average 2,018 NOK

Yearly Trough Low 1,305 NOK

Transaction Impact: A difference of 317.56 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3166

0.2666

JanuMarcMayJulySeptNove

SRD 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 0.2985, compared to 0.2802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0182 points.

H1 Avg (Jan–Jun) 0.2985

H2 Avg (Jul–Dec) 0.2802

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0288 NOK (High: 0.3187 / Low: 0.2899). On the other end, September was the most stable month, with a tight range of 0.0074 NOK (High: 0.2831 / Low: 0.2757).

March Spread (Volatile) ±0.0288

September Spread (Stable) ±0.0074

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 March and April, when the average rate fell by 0.0190 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3120) against the same month in 2022 (average: 0.4184), the exchange rate shifted by -0.1064 (-25.44%).

2023 Avg (January) 0.3120

2022 Avg (January) 0.4184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3246	0.3044	0.3120
February	0.3206	0.3046	0.3124
March	0.3187	0.2899	0.3047
April	0.2906	0.2795	0.2857
May	0.2989	0.2773	0.2896
June	0.2957	0.2780	0.2863
July	0.2879	0.2611	0.2708
August	0.2809	0.2637	0.2737
September	0.2831	0.2757	0.2801
October	0.2949	0.2798	0.2884
November	0.2956	0.2798	0.2871
December	0.2924	0.2738	0.2814