YEARLY HIGH
3.2699 NOK
YEARLY LOW
2.5316 NOK
YEARLY AVERAGE
2.7370 NOK

2020 ILS to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ILS to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 3.2699. Conversely, the yearly low was recorded on January 6, dropping to 2.5316.

This high-to-low spread represents a total annual volatility of 0.7382 NOK. From a start-to-finish perspective, comparing the January average rate of 2.5850 to the December average rate of 2.6818, the exchange rate registered a net change of 3.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 3.2699 was up 23.07% compared to the 2019 peak of 2.6570, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,349 NOK
2019 Average 12,357 NOK
Yearly Trough Low 12,658 NOK
Transaction Impact: A difference of 3,691.25 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.9545
2.5514
JanuMarcMayJulySeptNove

ILS 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 2.7841, compared to 2.6898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0943 points.

H1 Avg (Jan–Jun) 2.7841
H2 Avg (Jul–Dec) 2.6898

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.6153 NOK (High: 3.2699 / Low: 2.6546). On the other end, February was the most stable month, with a tight range of 0.0716 NOK (High: 2.7411 / Low: 2.6695).

March Spread (Volatile) ±0.6153
February Spread (Stable) ±0.0716

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 0.1065 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 2.8626) against the same month in 2019 (average: 2.3775), the exchange rate shifted by +0.4851 (+20.40%).

2020 Avg (March) 2.8626
2019 Avg (March) 2.3775

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.6695 2.5316 2.5850
February 2.7411 2.6695 2.7052
March 3.2699 2.6546 2.8626
April 3.0479 2.8503 2.9209
May 2.9750 2.7723 2.8688
June 2.8343 2.6698 2.7623
July 2.7684 2.6548 2.7098
August 2.6772 2.5961 2.6329
September 2.7523 2.6084 2.6727
October 2.7929 2.6998 2.7388
November 2.8103 2.6581 2.7028
December 2.7198 2.6445 2.6818