YEARLY HIGH
6.5407 NOK
YEARLY LOW
6.0595 NOK
YEARLY AVERAGE
6.3399 NOK

2016 CAD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CAD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 27, valuing the pair at 6.5407. Conversely, the yearly low was recorded on January 19, dropping to 6.0595.

This high-to-low spread represents a total annual volatility of 0.4813 NOK. From a start-to-finish perspective, comparing the January average rate of 6.2116 to the December average rate of 6.4205, the exchange rate registered a net change of 3.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 6.5407 was down 0.24% compared to the 2015 peak of 6.5563, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32,704 NOK
2015 Average 31,539 NOK
Yearly Trough Low 30,297 NOK
Transaction Impact: A difference of 2,406.26 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

6.5321
6.1281
JanuMarcMayJulySeptNove

CAD 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 6.3455, compared to 6.3342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 6.3455
H2 Avg (Jul–Dec) 6.3342

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.3287 NOK (High: 6.3882 / Low: 6.0595). On the other end, July was the most stable month, with a tight range of 0.0822 NOK (High: 6.5352 / Low: 6.4530).

January Spread (Volatile) ±0.3287
July Spread (Stable) ±0.0822

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 September and October, when the average rate fell by 0.1140 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 6.4387) against the same month in 2015 (average: 6.3231), the exchange rate shifted by +0.1156 (+1.83%).

2016 Avg (June) 6.4387
2015 Avg (June) 6.3231

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.3882 6.0595 6.2116
February 6.4294 6.1313 6.2411
March 6.4480 6.3588 6.4056
April 6.5028 6.3339 6.4121
May 6.4176 6.3313 6.3639
June 6.5407 6.3189 6.4387
July 6.5352 6.4530 6.4984
August 6.4733 6.3371 6.3893
September 6.4149 6.0933 6.2758
October 6.2606 6.0738 6.1617
November 6.3799 6.0922 6.2595
December 6.5118 6.3169 6.4205