YEARLY HIGH
0.0745 NOK
YEARLY LOW
0.0626 NOK
YEARLY AVERAGE
0.0672 NOK

2016 JMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the JMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0745. Conversely, the yearly low was recorded on October 3, dropping to 0.0626.

This high-to-low spread represents a total annual volatility of 0.0119 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0731 to the December average rate of 0.0665, the exchange rate registered a net change of -9.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0745 was up 1.20% compared to the 2015 peak of 0.0736, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 372 NOK
2015 Average 345 NOK
Yearly Trough Low 313 NOK
Transaction Impact: A difference of 59.40 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0741
0.0627
JanuMarcMayJulySeptNove

JMD 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 0.0690, compared to 0.0654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.0690
H2 Avg (Jul–Dec) 0.0654

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0034 NOK (High: 0.0666 / Low: 0.0632). On the other end, February was the most stable month, with a tight range of 0.0016 NOK (High: 0.0719 / Low: 0.0704).

November Spread (Volatile) ±0.0034
February Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between October and December, 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 March and April, when the average rate fell by 0.0022 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0731) against the same month in 2015 (average: 0.0667), the exchange rate shifted by +0.0064 (+9.63%).

2016 Avg (January) 0.0731
2015 Avg (January) 0.0667

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0745 0.0714 0.0731
February 0.0719 0.0704 0.0710
March 0.0714 0.0681 0.0697
April 0.0685 0.0656 0.0675
May 0.0671 0.0654 0.0666
June 0.0682 0.0649 0.0663
July 0.0678 0.0658 0.0669
August 0.0671 0.0644 0.0655
September 0.0656 0.0627 0.0645
October 0.0642 0.0626 0.0636
November 0.0666 0.0632 0.0652
December 0.0677 0.0650 0.0665