YEARLY HIGH
6.2360 PHP
YEARLY LOW
5.4938 PHP
YEARLY AVERAGE
5.8893 PHP

2019 NOK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NOK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 6.2360. Conversely, the yearly low was recorded on November 5, dropping to 5.4938.

This high-to-low spread represents a total annual volatility of 0.7423 PHP. From a start-to-finish perspective, comparing the January average rate of 6.1319 to the December average rate of 5.6310, the exchange rate registered a net change of -8.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 6.2360 was down 8.43% compared to the 2018 peak of 6.8098, 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 31,180 PHP
2018 Average 32,368 PHP
Yearly Trough Low 27,469 PHP
Transaction Impact: A difference of 3,711.40 PHP purely based on transaction execution date.

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6.1905
5.4870
JanuMarcMayJulySeptNove

NOK to PHP 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 6.0585, compared to 5.7201 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3383 points.

H1 Avg (Jan–Jun) 6.0585
H2 Avg (Jul–Dec) 5.7201

Volatility Range Comparison

Volatility

The most volatile month in 2019 was March, with a trading range of 0.2727 PHP (High: 6.2360 / Low: 5.9634). On the other end, May was the most stable month, with a tight range of 0.0768 PHP (High: 6.0018 / Low: 5.9250).

March Spread (Volatile) Âą0.2727
May Spread (Stable) Âą0.0768

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1448 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.1448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2019: 6.1044) against the same month in 2018 (average: 6.7084), the exchange rate shifted by -0.6039 (-9.00%).

2019 Avg (March) 6.1044
2018 Avg (March) 6.7084

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Month High Low Average
January 6.1935 5.9671 6.1319
February 6.2022 5.9946 6.0804
March 6.2360 5.9634 6.1044
April 6.1245 5.9932 6.0642
May 6.0018 5.9250 5.9766
June 6.0553 5.9239 5.9933
July 6.0033 5.7559 5.9343
August 5.8677 5.7082 5.8152
September 5.8441 5.6962 5.7697
October 5.6952 5.5193 5.6249
November 5.5841 5.4938 5.5457
December 5.7657 5.5223 5.6310