YEARLY HIGH
0.0330 NOK
YEARLY LOW
0.0239 NOK
YEARLY AVERAGE
0.0264 NOK

2020 MRO to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MRO to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.0330. Conversely, the yearly low was recorded on December 30, dropping to 0.0239.

This high-to-low spread represents a total annual volatility of 0.0091 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0251 to the December average rate of 0.0244, the exchange rate registered a net change of -2.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0330 was up 27.84% compared to the 2019 peak of 0.0258, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 165 NOK
2019 Average 123 NOK
Yearly Trough Low 120 NOK
Transaction Impact: A difference of 45.67 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0297
0.0239
JanuMarcMayJulySeptNove

MRO to NOK 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: Jan–Jun) was 0.0273, compared to 0.0254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0273
H2 Avg (Jul–Dec) 0.0254

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0071 NOK (High: 0.0330 / Low: 0.0259). On the other end, February was the most stable month, with a tight range of 0.0005 NOK (High: 0.0263 / Low: 0.0258).

March Spread (Volatile) ±0.0071
February Spread (Stable) ±0.0005

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 May and June, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0288) against the same month in 2019 (average: 0.0241), the exchange rate shifted by +0.0047 (+19.52%).

2020 Avg (March) 0.0288
2019 Avg (March) 0.0241

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0258 0.0246 0.0251
February 0.0263 0.0258 0.0260
March 0.0330 0.0259 0.0288
April 0.0302 0.0286 0.0292
May 0.0292 0.0272 0.0283
June 0.0272 0.0259 0.0267
July 0.0267 0.0253 0.0261
August 0.0256 0.0245 0.0251
September 0.0268 0.0245 0.0256
October 0.0267 0.0256 0.0260
November 0.0268 0.0247 0.0254
December 0.0248 0.0239 0.0244