YEARLY HIGH
11.4406 CVE
YEARLY LOW
10.3997 CVE
YEARLY AVERAGE
10.8867 CVE

2021 NOK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 11.4406. Conversely, the yearly low was recorded on August 19, dropping to 10.3997.

This high-to-low spread represents a total annual volatility of 1.0409 CVE. From a start-to-finish perspective, comparing the January average rate of 10.6752 to the December average rate of 10.9234, the exchange rate registered a net change of 2.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 11.4406 was down 50.07% compared to the 2020 peak of 22.9149, 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 57,203 CVE
2020 Average 51,846 CVE
Yearly Trough Low 51,998 CVE
Transaction Impact: A difference of 5,204.44 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

11.3342
10.5250
JanuMarcMayJulySeptNove

NOK to CVE 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 10.8803, compared to 10.8931 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0128 points.

H1 Avg (JanтАУJun) 10.8803
H2 Avg (JulтАУDec) 10.8931

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.5685 CVE (High: 11.3622 / Low: 10.7937). On the other end, April was the most stable month, with a tight range of 0.2713 CVE (High: 11.1872 / Low: 10.9159).

November Spread (Volatile) ┬▒0.5685
April Spread (Stable) ┬▒0.2713

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 June and July, when the average rate fell by 0.2307 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2307

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 11.2668) against the same month in 2020 (average: 10.1241), the exchange rate shifted by +1.1427 (+11.29%).

2021 Avg (October) 11.2668
2020 Avg (October) 10.1241

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Month High Low Average
January 10.8399 10.4888 10.6752
February 10.9095 10.5498 10.7635
March 11.0589 10.7234 10.9184
April 11.1872 10.9159 11.0346
May 11.2486 10.8051 10.9807
June 11.2454 10.6944 10.9092
July 10.9121 10.4400 10.6785
August 10.8051 10.3997 10.5925
September 11.0359 10.7171 10.8393
October 11.4406 11.0577 11.2668
November 11.3622 10.7937 11.0583
December 11.1237 10.6913 10.9234