YEARLY HIGH
4.0168 NOK
YEARLY LOW
3.6118 NOK
YEARLY AVERAGE
3.7953 NOK

2021 TOP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 4.0168. Conversely, the yearly low was recorded on April 28, dropping to 3.6118.

This high-to-low spread represents a total annual volatility of 0.4051 NOK. From a start-to-finish perspective, comparing the January average rate of 3.7360 to the December average rate of 3.9272, the exchange rate registered a net change of 5.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.0168 was down 18.35% compared to the 2020 peak of 4.9194, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 20,084 NOK
2020 Average 20,455 NOK
Yearly Trough Low 18,059 NOK
Transaction Impact: A difference of 2,025.29 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.9510
3.6645
JanuMarcMayJulySeptNove

TOP 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 3.7222, compared to 3.8684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1462 points.

H1 Avg (Jan–Jun) 3.7222
H2 Avg (Jul–Dec) 3.8684

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2197 NOK (High: 3.9849 / Low: 3.7652). On the other end, September was the most stable month, with a tight range of 0.0843 NOK (High: 3.8774 / Low: 3.7931).

November Spread (Volatile) ±0.2197
September Spread (Stable) ±0.0843

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0884 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0884

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 3.9272) against the same month in 2020 (average: 3.8108), the exchange rate shifted by +0.1164 (+3.05%).

2021 Avg (December) 3.9272
2020 Avg (December) 3.8108

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.7963 3.6745 3.7360
February 3.8111 3.6565 3.7065
March 3.8123 3.6947 3.7393
April 3.7249 3.6118 3.6883
May 3.7465 3.6342 3.6896
June 3.8755 3.7039 3.7735
July 3.9728 3.7958 3.8858
August 3.9767 3.8361 3.9116
September 3.8774 3.7931 3.8461
October 3.8018 3.6996 3.7577
November 3.9849 3.7652 3.8820
December 4.0168 3.8529 3.9272