YEARLY HIGH
0.4605 AED
YEARLY LOW
0.4105 AED
YEARLY AVERAGE
0.4375 AED

2016 NOK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.4605. Conversely, the yearly low was recorded on January 6, dropping to 0.4105.

This high-to-low spread represents a total annual volatility of 0.0500 AED. From a start-to-finish perspective, comparing the January average rate of 0.4169 to the December average rate of 0.4285, the exchange rate registered a net change of 2.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4605 was down 8.26% compared to the 2015 peak of 0.5019, 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 2,302 AED
2015 Average 2,282 AED
Yearly Trough Low 2,053 AED
Transaction Impact: A difference of 249.88 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4533
0.4136
JanuMarcMayJulySeptNove

NOK to AED 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 0.4354, compared to 0.4397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.4354
H2 Avg (Jul–Dec) 0.4397

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0235 AED (High: 0.4505 / Low: 0.4269). On the other end, February was the most stable month, with a tight range of 0.0086 AED (High: 0.4303 / Low: 0.4216).

November Spread (Volatile) ±0.0235
February Spread (Stable) ±0.0086

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 October and November, when the average rate fell by 0.0137 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.4500) against the same month in 2015 (average: 0.4442), the exchange rate shifted by +0.0058 (+1.30%).

2016 Avg (October) 0.4500
2015 Avg (October) 0.4442

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4256 0.4105 0.4169
February 0.4303 0.4216 0.4269
March 0.4432 0.4238 0.4338
April 0.4556 0.4408 0.4465
May 0.4576 0.4389 0.4460
June 0.4530 0.4299 0.4425
July 0.4424 0.4285 0.4338
August 0.4496 0.4316 0.4423
September 0.4594 0.4407 0.4471
October 0.4605 0.4437 0.4500
November 0.4505 0.4269 0.4362
December 0.4393 0.4214 0.4285