YEARLY HIGH
1.9157 EGP
YEARLY LOW
1.7104 EGP
YEARLY AVERAGE
1.8265 EGP

2021 NOK to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 1.9157. Conversely, the yearly low was recorded on December 4, dropping to 1.7104.

This high-to-low spread represents a total annual volatility of 0.2053 EGP. From a start-to-finish perspective, comparing the January average rate of 1.8440 to the December average rate of 1.7520, the exchange rate registered a net change of -4.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9157 was up 3.95% compared to the 2020 peak of 1.8429, 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 9,578 EGP
2020 Average 8,425 EGP
Yearly Trough Low 8,552 EGP
Transaction Impact: A difference of 1,026.39 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.8995
1.7385
JanuMarcMayJulySeptNove

NOK to EGP 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 1.8568, compared to 1.7963 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0605 points.

H1 Avg (JanтАУJun) 1.8568
H2 Avg (JulтАУDec) 1.7963

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1353 EGP (High: 1.8681 / Low: 1.7328). On the other end, September was the most stable month, with a tight range of 0.0430 EGP (High: 1.8339 / Low: 1.7910).

November Spread (Volatile) ┬▒0.1353
September Spread (Stable) ┬▒0.0430

Growth Streaks & Declines

Trends

Between February and May, 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 0.0697 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0697

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.8694) against the same month in 2020 (average: 1.5132), the exchange rate shifted by +0.3562 (+23.54%).

2021 Avg (April) 1.8694
2020 Avg (April) 1.5132

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Month High Low Average
January 1.8709 1.8125 1.8440
February 1.8725 1.8137 1.8415
March 1.8700 1.8154 1.8418
April 1.9157 1.8377 1.8694
May 1.9090 1.8650 1.8860
June 1.8982 1.8041 1.8581
July 1.8308 1.7403 1.7884
August 1.8102 1.7364 1.7733
September 1.8339 1.7910 1.8136
October 1.8881 1.8212 1.8561
November 1.8681 1.7328 1.7943
December 1.7895 1.7104 1.7520