YEARLY HIGH
0.1995 AZN
YEARLY LOW
0.1443 AZN
YEARLY AVERAGE
0.1814 AZN

2020 NOK to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.1995. Conversely, the yearly low was recorded on March 21, dropping to 0.1443.

This high-to-low spread represents a total annual volatility of 0.0551 AZN. From a start-to-finish perspective, comparing the January average rate of 0.1904 to the December average rate of 0.1956, the exchange rate registered a net change of 2.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1995 was down 1.35% compared to the 2019 peak of 0.2022, 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 997 AZN
2019 Average 968 AZN
Yearly Trough Low 722 AZN
Transaction Impact: A difference of 275.71 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1989
0.1602
JanuMarcMayJulySeptNove

NOK to AZN 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 0.1752, compared to 0.1877 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.1752
H2 Avg (Jul–Dec) 0.1877

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0397 AZN (High: 0.1840 / Low: 0.1443). On the other end, February was the most stable month, with a tight range of 0.0038 AZN (High: 0.1849 / Low: 0.1811).

March Spread (Volatile) ±0.0397
February Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0167 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0167

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.1956) against the same month in 2019 (average: 0.1888), the exchange rate shifted by +0.0068 (+3.59%).

2020 Avg (December) 0.1956
2019 Avg (December) 0.1888

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1940 0.1849 0.1904
February 0.1849 0.1811 0.1833
March 0.1840 0.1443 0.1666
April 0.1669 0.1578 0.1634
May 0.1752 0.1631 0.1688
June 0.1842 0.1751 0.1784
July 0.1884 0.1787 0.1831
August 0.1950 0.1865 0.1903
September 0.1945 0.1780 0.1861
October 0.1863 0.1786 0.1832
November 0.1930 0.1778 0.1876
December 0.1995 0.1926 0.1956