2019 NOK to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NOK to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NOK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 6.7903. Conversely, the yearly low was recorded on January 2, dropping to 4.2992.
This high-to-low spread represents a total annual volatility of 2.4910 ARS. From a start-to-finish perspective, comparing the January average rate of 4.3691 to the December average rate of 6.6333, the exchange rate registered a net change of 51.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 6.7903 was up 33.97% compared to the 2018 peak of 5.0686, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
NOK to ARS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.8098, compared to 6.0925 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2827 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 1.7300 ARS (High: 6.7096 / Low: 4.9795). On the other end, November was the most stable month, with a tight range of 0.0659 ARS (High: 6.5606 / Low: 6.4947).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1432 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2019: 6.6333) against the same month in 2018 (average: 4.3783), the exchange rate shifted by +2.2551 (+51.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.4534 | 4.2992 | 4.3691 |
| February | 4.6171 | 4.3545 | 4.4665 |
| March | 5.0828 | 4.5952 | 4.7989 |
| April | 5.2763 | 4.8905 | 5.0276 |
| May | 5.1799 | 5.0764 | 5.1310 |
| June | 5.2083 | 4.9595 | 5.0654 |
| July | 5.0276 | 4.8322 | 4.9221 |
| August | 6.7096 | 4.9795 | 5.8079 |
| September | 6.5283 | 6.1448 | 6.2762 |
| October | 6.5157 | 6.2920 | 6.3904 |
| November | 6.5606 | 6.4947 | 6.5249 |
| December | 6.7903 | 6.4781 | 6.6333 |