YEARLY HIGH
0.0062 NOK
YEARLY LOW
0.0044 NOK
YEARLY AVERAGE
0.0049 NOK

2020 BIF to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BIF to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.0062. Conversely, the yearly low was recorded on December 30, dropping to 0.0044.

This high-to-low spread represents a total annual volatility of 0.0018 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0047 to the December average rate of 0.0045, the exchange rate registered a net change of -5.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0062 was up 25.54% compared to the 2019 peak of 0.0050, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31 NOK
2019 Average 24 NOK
Yearly Trough Low 22 NOK
Transaction Impact: A difference of 9.16 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0056
0.0044
JanuMarcMayJulySeptNove

BIF 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 0.0052, compared to 0.0047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0052
H2 Avg (Jul–Dec) 0.0047

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0013 NOK (High: 0.0062 / Low: 0.0049). On the other end, February was the most stable month, with a tight range of 0.0001 NOK (High: 0.0050 / Low: 0.0049).

March Spread (Volatile) ±0.0013
February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0054) against the same month in 2019 (average: 0.0047), the exchange rate shifted by +0.0007 (+15.01%).

2020 Avg (March) 0.0054
2019 Avg (March) 0.0047

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0049 0.0047 0.0047
February 0.0050 0.0049 0.0049
March 0.0062 0.0049 0.0054
April 0.0057 0.0054 0.0055
May 0.0055 0.0051 0.0053
June 0.0051 0.0049 0.0050
July 0.0050 0.0047 0.0048
August 0.0047 0.0045 0.0046
September 0.0050 0.0045 0.0047
October 0.0049 0.0047 0.0048
November 0.0049 0.0045 0.0047
December 0.0046 0.0044 0.0045