YEARLY HIGH
0.5103 RON
YEARLY LOW
0.4614 RON
YEARLY AVERAGE
0.4840 RON

2021 NOK to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.5103. Conversely, the yearly low was recorded on January 2, dropping to 0.4614.

This high-to-low spread represents a total annual volatility of 0.0489 RON. From a start-to-finish perspective, comparing the January average rate of 0.4697 to the December average rate of 0.4880, the exchange rate registered a net change of 3.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5103 was up 4.89% compared to the 2020 peak of 0.4865, 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 2,551 RON
2020 Average 2,257 RON
Yearly Trough Low 2,307 RON
Transaction Impact: A difference of 244.60 RON purely based on transaction execution date.

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0.5074
0.4663
JanuMarcMayJulySeptNove

NOK to RON 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 0.4815, compared to 0.4866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.4815
H2 Avg (Jul–Dec) 0.4866

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0247 RON (High: 0.5065 / Low: 0.4819). On the other end, June was the most stable month, with a tight range of 0.0102 RON (High: 0.4891 / Low: 0.4789).

November Spread (Volatile) Âą0.0247
June Spread (Stable) Âą0.0102

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 June and July, when the average rate fell by 0.0105 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0105

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 0.5039) against the same month in 2020 (average: 0.4456), the exchange rate shifted by +0.0583 (+13.09%).

2021 Avg (October) 0.5039
2020 Avg (October) 0.4456

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Month High Low Average
January 0.4765 0.4614 0.4697
February 0.4788 0.4663 0.4738
March 0.4912 0.4729 0.4818
April 0.4967 0.4861 0.4902
May 0.4937 0.4818 0.4880
June 0.4891 0.4789 0.4852
July 0.4848 0.4643 0.4747
August 0.4825 0.4670 0.4724
September 0.4933 0.4793 0.4852
October 0.5103 0.4941 0.5039
November 0.5065 0.4819 0.4952
December 0.4972 0.4762 0.4880