YEARLY HIGH
0.0882 NOK
YEARLY LOW
0.0811 NOK
YEARLY AVERAGE
0.0843 NOK

2016 CVE to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CVE to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.0882. Conversely, the yearly low was recorded on October 19, dropping to 0.0811.

This high-to-low spread represents a total annual volatility of 0.0071 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0868 to the December average rate of 0.0819, the exchange rate registered a net change of -5.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0882 was up 1.32% compared to the 2015 peak of 0.0870, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 441 NOK
2015 Average 406 NOK
Yearly Trough Low 405 NOK
Transaction Impact: A difference of 35.49 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0873
0.0812
JanuMarcMayJulySeptNove

CVE 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 0.0854, compared to 0.0832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0854
H2 Avg (Jul–Dec) 0.0832

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.0036 NOK (High: 0.0848 / Low: 0.0811). On the other end, November was the most stable month, with a tight range of 0.0012 NOK (High: 0.0830 / Low: 0.0819).

December Spread (Volatile) ±0.0036
November Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0018 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0868) against the same month in 2015 (average: 0.0811), the exchange rate shifted by +0.0057 (+7.06%).

2016 Avg (January) 0.0868
2015 Avg (January) 0.0811

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0882 0.0852 0.0868
February 0.0877 0.0856 0.0866
March 0.0865 0.0844 0.0854
April 0.0858 0.0835 0.0846
May 0.0853 0.0834 0.0846
June 0.0856 0.0835 0.0846
July 0.0858 0.0839 0.0850
August 0.0858 0.0831 0.0844
September 0.0846 0.0814 0.0835
October 0.0823 0.0811 0.0817
November 0.0830 0.0819 0.0824
December 0.0848 0.0811 0.0819