2011 GHS to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 GHS to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the GHS to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 4.1341. Conversely, the yearly low was recorded on October 28, dropping to 3.3875.
This high-to-low spread represents a total annual volatility of 0.7465 NOK. From a start-to-finish perspective, comparing the January average rate of 3.8971 to the December average rate of 3.5877, the exchange rate registered a net change of -7.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 4.1341 was down 11.63% compared to the 2010 peak of 4.6781, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
GHS to NOK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.6944, compared to 3.5672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1272 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was February, with a trading range of 0.4981 NOK (High: 4.1341 / Low: 3.6359). On the other end, March was the most stable month, with a tight range of 0.0977 NOK (High: 3.7211 / Low: 3.6234).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1375 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2011: 3.8066) against the same month in 2010 (average: 4.1406), the exchange rate shifted by -0.3340 (-8.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.0435 | 3.6909 | 3.8971 |
| February | 4.1341 | 3.6359 | 3.8066 |
| March | 3.7211 | 3.6234 | 3.6691 |
| April | 3.6653 | 3.4894 | 3.5792 |
| May | 3.7103 | 3.4854 | 3.6241 |
| June | 3.6721 | 3.5104 | 3.5900 |
| July | 3.6912 | 3.5206 | 3.5961 |
| August | 3.6246 | 3.5045 | 3.5672 |
| September | 3.7089 | 3.4998 | 3.6007 |
| October | 3.6842 | 3.3875 | 3.5052 |
| November | 3.6135 | 3.4628 | 3.5461 |
| December | 3.6693 | 3.4899 | 3.5877 |