YEARLY HIGH
0.0099 NOK
YEARLY LOW
0.0058 NOK
YEARLY AVERAGE
0.0079 NOK

2020 IQD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the IQD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.0099. Conversely, the yearly low was recorded on December 30, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0041 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0075 to the December average rate of 0.0070, the exchange rate registered a net change of -7.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0099 was up 27.73% compared to the 2019 peak of 0.0078, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50 NOK
2019 Average 37 NOK
Yearly Trough Low 29 NOK
Transaction Impact: A difference of 20.36 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0089
0.0068
JanuMarcMayJulySeptNove

IQD 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 0.0082, compared to 0.0076 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0082
H2 Avg (Jul–Dec) 0.0076

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0021 NOK (High: 0.0099 / Low: 0.0078). On the other end, February was the most stable month, with a tight range of 0.0002 NOK (High: 0.0079 / Low: 0.0077).

March Spread (Volatile) ±0.0021
February Spread (Stable) ±0.0002

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 November and December, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0086) against the same month in 2019 (average: 0.0072), the exchange rate shifted by +0.0014 (+19.50%).

2020 Avg (March) 0.0086
2019 Avg (March) 0.0072

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0077 0.0073 0.0075
February 0.0079 0.0077 0.0078
March 0.0099 0.0078 0.0086
April 0.0091 0.0086 0.0088
May 0.0088 0.0082 0.0085
June 0.0082 0.0078 0.0080
July 0.0080 0.0076 0.0078
August 0.0077 0.0073 0.0075
September 0.0080 0.0073 0.0077
October 0.0080 0.0077 0.0078
November 0.0080 0.0074 0.0076
December 0.0074 0.0058 0.0070