YEARLY HIGH
2331.7005 STD
YEARLY LOW
1985.5112 STD
YEARLY AVERAGE
2141.8523 STD

2023 NOK to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2331.7005. Conversely, the yearly low was recorded on November 9, dropping to 1985.5112.

This high-to-low spread represents a total annual volatility of 346.1893 STD. From a start-to-finish perspective, comparing the January average rate of 2299.7013 to the December average rate of 2120.5076, the exchange rate registered a net change of -7.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2331.7005 was down 6.77% compared to the 2022 peak of 2501.1070, 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 11,658,503 STD
2022 Average 11,556,237 STD
Yearly Trough Low 9,927,556 STD
Transaction Impact: A difference of 1,730,946.55 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2327.0979
1998.3386
JanuMarcMayJulySeptNove

NOK to STD 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 2182.1809, compared to 2101.5236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 80.6573 points.

H1 Avg (Jan–Jun) 2182.1809
H2 Avg (Jul–Dec) 2101.5236

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 175.4760 STD (High: 2205.8194 / Low: 2030.3433). On the other end, September was the most stable month, with a tight range of 35.9517 STD (High: 2093.7393 / Low: 2057.7876).

December Spread (Volatile) ±175.4760
September Spread (Stable) ±35.9517

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 July and August, when the average rate fell by 85.9192 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -85.9192

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2299.7013) against the same month in 2022 (average: 2389.5392), the exchange rate shifted by -89.8379 (-3.76%).

2023 Avg (January) 2299.7013
2022 Avg (January) 2389.5392

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2331.7005 2225.2046 2299.7013
February 2308.1394 2186.2468 2227.4592
March 2202.2204 2121.2971 2166.5011
April 2220.2792 2138.0375 2172.5818
May 2173.1866 2040.9034 2111.5375
June 2173.8538 2057.3144 2115.3046
July 2294.5164 2120.7742 2213.9458
August 2197.5896 2077.0147 2128.0266
September 2093.7393 2057.7876 2076.8599
October 2078.1531 1988.0956 2025.7352
November 2100.3923 1985.5112 2044.0665
December 2205.8194 2030.3433 2120.5076