YEARLY HIGH
12.9549 NOK
YEARLY LOW
11.5296 NOK
YEARLY AVERAGE
12.1288 NOK

2021 JOD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the JOD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 12.9549. Conversely, the yearly low was recorded on April 28, dropping to 11.5296.

This high-to-low spread represents a total annual volatility of 1.4252 NOK. From a start-to-finish perspective, comparing the January average rate of 12.0207 to the December average rate of 12.6556, the exchange rate registered a net change of 5.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 12.9549 was down 22.14% compared to the 2020 peak of 16.6383, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,774 NOK
2020 Average 66,432 NOK
Yearly Trough Low 57,648 NOK
Transaction Impact: A difference of 7,126.19 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

12.7495
11.6233
JanuMarcMayJulySeptNove

JOD 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: JanтАУJun) was 11.9171, compared to 12.3405 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.4234 points.

H1 Avg (JanтАУJun) 11.9171
H2 Avg (JulтАУDec) 12.3405

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.9197 NOK (High: 12.7994 / Low: 11.8796). On the other end, May was the most stable month, with a tight range of 0.2653 NOK (High: 11.8429 / Low: 11.5776).

November Spread (Volatile) ┬▒0.9197
May Spread (Stable) ┬▒0.2653

Growth Streaks & Declines

Trends

Between May and August, 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 September and October, when the average rate fell by 0.2768 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2768

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 12.6556) against the same month in 2020 (average: 12.2769), the exchange rate shifted by +0.3788 (+3.09%).

2021 Avg (December) 12.6556
2020 Avg (December) 12.2769

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Month High Low Average
January 12.2244 11.8530 12.0207
February 12.2128 11.8103 12.0011
March 12.2112 11.8496 12.0263
April 12.0349 11.5296 11.8416
May 11.8429 11.5776 11.7171
June 12.2329 11.6574 11.8957
July 12.6994 12.0788 12.3742
August 12.7522 12.2319 12.4893
September 12.3709 12.0839 12.2184
October 12.1749 11.7305 11.9416
November 12.7994 11.8796 12.3637
December 12.9549 12.3810 12.6556