YEARLY HIGH
0.0065 NOK
YEARLY LOW
0.0044 NOK
YEARLY AVERAGE
0.0054 NOK

2021 MMK to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MMK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.0065. Conversely, the yearly low was recorded on October 8, dropping to 0.0044.

This high-to-low spread represents a total annual volatility of 0.0022 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0064 to the December average rate of 0.0050, the exchange rate registered a net change of -21.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0065 was down 21.42% compared to the 2020 peak of 0.0083, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33 NOK
2020 Average 34 NOK
Yearly Trough Low 22 NOK
Transaction Impact: A difference of 10.83 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0066
0.0043
JanuMarcMayJulySeptNove

MMK 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 0.0058, compared to 0.0050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0058
H2 Avg (Jul–Dec) 0.0050

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0008 NOK (High: 0.0061 / Low: 0.0052). On the other end, March was the most stable month, with a tight range of 0.0002 NOK (High: 0.0061 / Low: 0.0060).

April Spread (Volatile) ±0.0008
March Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between June and August, 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 April and May, when the average rate fell by 0.0006 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0064) against the same month in 2020 (average: 0.0061), the exchange rate shifted by +0.0003 (+5.16%).

2021 Avg (January) 0.0064
2020 Avg (January) 0.0061

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0065 0.0063 0.0064
February 0.0065 0.0059 0.0061
March 0.0061 0.0060 0.0060
April 0.0061 0.0052 0.0058
May 0.0054 0.0050 0.0052
June 0.0053 0.0050 0.0051
July 0.0055 0.0052 0.0053
August 0.0055 0.0053 0.0054
September 0.0053 0.0046 0.0049
October 0.0047 0.0044 0.0045
November 0.0051 0.0047 0.0049
December 0.0051 0.0049 0.0050