YEARLY HIGH
178.5907 IQD
YEARLY LOW
158.7560 IQD
YEARLY AVERAGE
169.9099 IQD

2021 NOK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 178.5907. Conversely, the yearly low was recorded on December 4, dropping to 158.7560.

This high-to-low spread represents a total annual volatility of 19.8347 IQD. From a start-to-finish perspective, comparing the January average rate of 171.5835 to the December average rate of 162.7587, the exchange rate registered a net change of -5.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 178.5907 was up 4.32% compared to the 2020 peak of 171.1979, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 892,953 IQD
2020 Average 638,338 IQD
Yearly Trough Low 793,780 IQD
Transaction Impact: A difference of 99,173.55 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

177.1208
161.4530
JanuMarcMayJulySeptNove

NOK to IQD 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 172.9179, compared to 166.9019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.0159 points.

H1 Avg (Jan–Jun) 172.9179
H2 Avg (Jul–Dec) 166.9019

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 12.4383 IQD (High: 173.2693 / Low: 160.8310). On the other end, September was the most stable month, with a tight range of 4.0079 IQD (High: 170.4565 / Low: 166.4486).

November Spread (Volatile) ±12.4383
September Spread (Stable) ±4.0079

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 6.8615 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -6.8615

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 173.8900) against the same month in 2020 (average: 114.3112), the exchange rate shifted by +59.5788 (+52.12%).

2021 Avg (April) 173.8900
2020 Avg (April) 114.3112

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 173.7770 168.5417 171.5835
February 174.4304 168.4488 171.7215
March 173.7510 168.9237 171.3328
April 178.5907 170.8692 173.8900
May 178.1581 174.1174 175.8152
June 176.5890 168.3942 173.1641
July 170.3508 162.1196 166.3026
August 168.2304 161.3153 164.8377
September 170.4565 166.4486 168.5208
October 175.5216 169.0802 172.4219
November 173.2693 160.8310 166.5698
December 166.4000 158.7560 162.7587