2023 THB to NOK Historical Review

YEARLY HIGH

0.3221 NOK

YEARLY LOW

0.2829 NOK

YEARLY AVERAGE

0.3038 NOK

2023 THB to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.3221. Conversely, the yearly low was recorded on January 1, dropping to 0.2829.

This high-to-low spread represents a total annual volatility of 0.0392 NOK. From a start-to-finish perspective, comparing the January average rate of 0.2990 to the December average rate of 0.3012, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3221 was up 11.36% compared to the 2022 peak of 0.2892, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 80,522 NOK

2022 Average 68,580 NOK

Yearly Trough Low 70,726 NOK

Transaction Impact: A difference of 9,796.06 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3183

0.2951

JanuMarcMayJulySeptNove

THB 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 0.3066, compared to 0.3010 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.3066

H2 Avg (Jul–Dec) 0.3010

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0215 NOK (High: 0.3044 / Low: 0.2829). On the other end, May was the most stable month, with a tight range of 0.0115 NOK (High: 0.3221 / Low: 0.3106).

January Spread (Volatile) ±0.0215

May Spread (Stable) ±0.0115

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 June and July, when the average rate fell by 0.0126 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3164) against the same month in 2022 (average: 0.2791), the exchange rate shifted by +0.0373 (+13.36%).

2023 Avg (May) 0.3164

2022 Avg (May) 0.2791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3044	0.2829	0.2990
February	0.3080	0.2948	0.3008
March	0.3174	0.2994	0.3062
April	0.3138	0.3004	0.3074
May	0.3221	0.3106	0.3164
June	0.3197	0.3025	0.3096
July	0.3057	0.2878	0.2970
August	0.3065	0.2908	0.2989
September	0.3043	0.2922	0.2997
October	0.3102	0.2918	0.3015
November	0.3151	0.3022	0.3078
December	0.3116	0.2935	0.3012