2011 GIP to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 GIP to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the GIP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 9.3940. Conversely, the yearly low was recorded on July 1, dropping to 8.6008.
This high-to-low spread represents a total annual volatility of 0.7933 NOK. From a start-to-finish perspective, comparing the January average rate of 9.2298 to the December average rate of 9.1865, the exchange rate registered a net change of -0.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 9.3940 was down 3.97% compared to the 2010 peak of 9.7823, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GIP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
GIP 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 9.0156, compared to 8.9502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0654 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was September, with a trading range of 0.4924 NOK (High: 9.1088 / Low: 8.6164). On the other end, April was the most stable month, with a tight range of 0.1960 NOK (High: 8.9243 / Low: 8.7283).
Growth Streaks & Declines
TrendsBetween September and December, 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 February and March, when the average rate fell by 0.2055 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 9.1865) against the same month in 2010 (average: 9.3230), the exchange rate shifted by -0.1365 (-1.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.3603 | 9.0313 | 9.2298 |
| February | 9.3773 | 9.0673 | 9.2345 |
| March | 9.1171 | 8.8785 | 9.0290 |
| April | 8.9243 | 8.7283 | 8.8353 |
| May | 9.0921 | 8.6780 | 8.9440 |
| June | 8.9869 | 8.6216 | 8.8210 |
| July | 9.0057 | 8.6008 | 8.7809 |
| August | 9.0376 | 8.7375 | 8.8972 |
| September | 9.1088 | 8.6164 | 8.8602 |
| October | 9.1304 | 8.7051 | 8.9010 |
| November | 9.1631 | 8.9334 | 9.0758 |
| December | 9.3940 | 8.9738 | 9.1865 |