YEARLY HIGH
0.2318 NOK
YEARLY LOW
0.1649 NOK
YEARLY AVERAGE
0.1831 NOK

2020 GMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.2318. Conversely, the yearly low was recorded on December 30, dropping to 0.1649.

This high-to-low spread represents a total annual volatility of 0.0669 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1748 to the December average rate of 0.1682, the exchange rate registered a net change of -3.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.2318 was up 27.82% compared to the 2019 peak of 0.1814, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,159 NOK
2019 Average 878 NOK
Yearly Trough Low 824 NOK
Transaction Impact: A difference of 334.75 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2080
0.1645
JanuMarcMayJulySeptNove

GMD 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 0.1908, compared to 0.1754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0154 points.

H1 Avg (Jan–Jun) 0.1908
H2 Avg (Jul–Dec) 0.1754

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0503 NOK (High: 0.2318 / Low: 0.1815). On the other end, February was the most stable month, with a tight range of 0.0042 NOK (High: 0.1843 / Low: 0.1802).

March Spread (Volatile) ±0.0503
February Spread (Stable) ±0.0042

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 May and June, when the average rate fell by 0.0115 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.2019) against the same month in 2019 (average: 0.1734), the exchange rate shifted by +0.0285 (+16.46%).

2020 Avg (March) 0.2019
2019 Avg (March) 0.1734

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1802 0.1712 0.1748
February 0.1843 0.1802 0.1820
March 0.2318 0.1815 0.2019
April 0.2116 0.2001 0.2044
May 0.2042 0.1888 0.1965
June 0.1882 0.1793 0.1850
July 0.1848 0.1744 0.1797
August 0.1763 0.1685 0.1727
September 0.1849 0.1689 0.1768
October 0.1841 0.1765 0.1796
November 0.1850 0.1705 0.1754
December 0.1707 0.1649 0.1682