YEARLY HIGH
1.8217 SZL
YEARLY LOW
1.6070 SZL
YEARLY AVERAGE
1.7183 SZL

2021 NOK to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 1.8217. Conversely, the yearly low was recorded on June 17, dropping to 1.6070.

This high-to-low spread represents a total annual volatility of 0.2147 SZL. From a start-to-finish perspective, comparing the January average rate of 1.7716 to the December average rate of 1.7695, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8217 was down 7.74% compared to the 2020 peak of 1.9745, 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 9,109 SZL
2020 Average 8,739 SZL
Yearly Trough Low 8,035 SZL
Transaction Impact: A difference of 1,073.59 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.7844
1.6303
JanuMarcMayJulySeptNove

NOK to SZL 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 1.7205, compared to 1.7161 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0043 points.

H1 Avg (JanтАУJun) 1.7205
H2 Avg (JulтАУDec) 1.7161

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.1214 SZL (High: 1.8216 / Low: 1.7002). On the other end, April was the most stable month, with a tight range of 0.0512 SZL (High: 1.7512 / Low: 1.7000).

January Spread (Volatile) ┬▒0.1214
April Spread (Stable) ┬▒0.0512

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0505 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0505

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.7684) against the same month in 2020 (average: 1.7114), the exchange rate shifted by +0.0570 (+3.33%).

2021 Avg (November) 1.7684
2020 Avg (November) 1.7114

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Month High Low Average
January 1.8216 1.7002 1.7716
February 1.7678 1.7064 1.7364
March 1.8190 1.7111 1.7577
April 1.7512 1.7000 1.7203
May 1.7410 1.6456 1.6937
June 1.6747 1.6070 1.6431
July 1.6840 1.6150 1.6513
August 1.7127 1.6300 1.6725
September 1.7458 1.6245 1.6787
October 1.8138 1.7301 1.7563
November 1.8217 1.7397 1.7684
December 1.8096 1.7314 1.7695