YEARLY HIGH
0.0461 BHD
YEARLY LOW
0.0410 BHD
YEARLY AVERAGE
0.0439 BHD

2021 NOK to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 0.0461. Conversely, the yearly low was recorded on December 4, dropping to 0.0410.

This high-to-low spread represents a total annual volatility of 0.0051 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0442 to the December average rate of 0.0420, the exchange rate registered a net change of -5.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0461 was up 4.39% compared to the 2020 peak of 0.0442, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 231 BHD
2020 Average 201 BHD
Yearly Trough Low 205 BHD
Transaction Impact: A difference of 25.38 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0457
0.0417
JanuMarcMayJulySeptNove

NOK to BHD 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 0.0446, compared to 0.0431 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0015 points.

H1 Avg (JanтАУJun) 0.0446
H2 Avg (JulтАУDec) 0.0431

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0032 BHD (High: 0.0448 / Low: 0.0416). On the other end, September was the most stable month, with a tight range of 0.0010 BHD (High: 0.0440 / Low: 0.0430).

November Spread (Volatile) ┬▒0.0032
September Spread (Stable) ┬▒0.0010

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0017 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0449) against the same month in 2020 (average: 0.0362), the exchange rate shifted by +0.0087 (+23.93%).

2021 Avg (April) 0.0449
2020 Avg (April) 0.0362

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 0.0449 0.0435 0.0442
February 0.0450 0.0436 0.0443
March 0.0449 0.0435 0.0442
April 0.0461 0.0442 0.0449
May 0.0459 0.0449 0.0454
June 0.0456 0.0435 0.0447
July 0.0440 0.0419 0.0430
August 0.0435 0.0417 0.0426
September 0.0440 0.0430 0.0435
October 0.0453 0.0437 0.0445
November 0.0448 0.0416 0.0430
December 0.0430 0.0410 0.0420