YEARLY HIGH
8.9651 MZN
YEARLY LOW
6.6203 MZN
YEARLY AVERAGE
7.6325 MZN

2021 NOK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 8.9651. Conversely, the yearly low was recorded on April 18, dropping to 6.6203.

This high-to-low spread represents a total annual volatility of 2.3448 MZN. From a start-to-finish perspective, comparing the January average rate of 8.7945 to the December average rate of 7.1192, the exchange rate registered a net change of -19.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.9651 was up 2.03% compared to the 2020 peak of 8.7870, 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 44,826 MZN
2020 Average 37,033 MZN
Yearly Trough Low 33,102 MZN
Transaction Impact: A difference of 11,723.79 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

9.0073
6.9476
JanuMarcMayJulySeptNove

NOK to MZN 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 7.9724, compared to 7.2926 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.6798 points.

H1 Avg (JanтАУJun) 7.9724
H2 Avg (JulтАУDec) 7.2926

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.2786 MZN (High: 7.8989 / Low: 6.6203). On the other end, September was the most stable month, with a tight range of 0.1767 MZN (High: 7.4520 / Low: 7.2753).

April Spread (Volatile) ┬▒1.2786
September Spread (Stable) ┬▒0.1767

Growth Streaks & Declines

Trends

Between August and October, 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 March and April, when the average rate fell by 1.3941 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.3941

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 8.8357) against the same month in 2020 (average: 6.9366), the exchange rate shifted by +1.8991 (+27.38%).

2021 Avg (February) 8.8357
2020 Avg (February) 6.9366

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Month High Low Average
January 8.9346 8.6656 8.7945
February 8.9651 8.6506 8.8357
March 8.8146 8.0328 8.5321
April 7.8989 6.6203 7.1380
May 7.3363 6.8984 7.1198
June 7.5292 7.2754 7.4141
July 7.4166 7.0641 7.2473
August 7.3480 7.0432 7.1928
September 7.4520 7.2753 7.3667
October 7.6762 7.3882 7.5417
November 7.5798 7.0388 7.2877
December 7.2729 6.9543 7.1192