YEARLY HIGH
0.0900 NOK
YEARLY LOW
0.0796 NOK
YEARLY AVERAGE
0.0844 NOK

2017 CVE to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CVE to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.0900. Conversely, the yearly low was recorded on February 21, dropping to 0.0796.

This high-to-low spread represents a total annual volatility of 0.0104 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0814 to the December average rate of 0.0889, the exchange rate registered a net change of 9.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0900 was up 2.09% compared to the 2016 peak of 0.0882, 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 450 NOK
2016 Average 421 NOK
Yearly Trough Low 398 NOK
Transaction Impact: A difference of 51.80 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0898
0.0793
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 0.0830, compared to 0.0857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0830
H2 Avg (Jul–Dec) 0.0857

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0045 NOK (High: 0.0897 / Low: 0.0852). On the other end, February was the most stable month, with a tight range of 0.0010 NOK (High: 0.0806 / Low: 0.0796).

November Spread (Volatile) ±0.0045
February Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0013 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 0.0889) against the same month in 2016 (average: 0.0819), the exchange rate shifted by +0.0070 (+8.56%).

2017 Avg (December) 0.0889
2016 Avg (December) 0.0819

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0833 0.0803 0.0814
February 0.0806 0.0796 0.0801
March 0.0834 0.0803 0.0822
April 0.0847 0.0821 0.0832
May 0.0862 0.0842 0.0849
June 0.0866 0.0853 0.0858
July 0.0863 0.0831 0.0850
August 0.0849 0.0829 0.0843
September 0.0853 0.0835 0.0843
October 0.0871 0.0843 0.0851
November 0.0897 0.0852 0.0868
December 0.0900 0.0881 0.0889