YEARLY HIGH
0.4480 NOK
YEARLY LOW
0.3971 NOK
YEARLY AVERAGE
0.4240 NOK

2021 MXN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MXN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 19, valuing the pair at 0.4480. Conversely, the yearly low was recorded on March 8, dropping to 0.3971.

This high-to-low spread represents a total annual volatility of 0.0509 NOK. From a start-to-finish perspective, comparing the January average rate of 0.4268 to the December average rate of 0.4294, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4480 was down 10.72% compared to the 2020 peak of 0.5018, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 22,399 NOK
2020 Average 21,984 NOK
Yearly Trough Low 19,855 NOK
Transaction Impact: A difference of 2,543.89 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4440
0.4076
JanuMarcMayJulySeptNove

MXN 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 0.4186, compared to 0.4294 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0107 points.

H1 Avg (JanтАУJun) 0.4186
H2 Avg (JulтАУDec) 0.4294

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0243 NOK (High: 0.4282 / Low: 0.4039). On the other end, May was the most stable month, with a tight range of 0.0105 NOK (High: 0.4210 / Low: 0.4105).

November Spread (Volatile) ┬▒0.0243
May Spread (Stable) ┬▒0.0105

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 0.0185 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0185

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2021: 0.4409) against the same month in 2020 (average: 0.4039), the exchange rate shifted by +0.0370 (+9.17%).

2021 Avg (August) 0.4409
2020 Avg (August) 0.4039

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Month High Low Average
January 0.4364 0.4157 0.4268
February 0.4271 0.4066 0.4190
March 0.4192 0.3971 0.4106
April 0.4217 0.4085 0.4185
May 0.4210 0.4105 0.4160
June 0.4320 0.4152 0.4208
July 0.4471 0.4312 0.4397
August 0.4480 0.4306 0.4409
September 0.4368 0.4242 0.4325
October 0.4221 0.4088 0.4139
November 0.4282 0.4039 0.4197
December 0.4363 0.4237 0.4294