YEARLY HIGH
0.2343 BBD
YEARLY LOW
0.1695 BBD
YEARLY AVERAGE
0.2131 BBD

2020 NOK to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2343. Conversely, the yearly low was recorded on March 21, dropping to 0.1695.

This high-to-low spread represents a total annual volatility of 0.0648 BBD. From a start-to-finish perspective, comparing the January average rate of 0.2237 to the December average rate of 0.2298, 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 0.2343 was down 1.35% compared to the 2019 peak of 0.2375, 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 1,172 BBD
2019 Average 1,137 BBD
Yearly Trough Low 848 BBD
Transaction Impact: A difference of 323.89 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2336
0.1882
JanuMarcMayJulySeptNove

NOK to BBD 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 0.2058, compared to 0.2205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0147 points.

H1 Avg (Jan–Jun) 0.2058
H2 Avg (Jul–Dec) 0.2205

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0466 BBD (High: 0.2161 / Low: 0.1695). On the other end, February was the most stable month, with a tight range of 0.0045 BBD (High: 0.2173 / Low: 0.2128).

March Spread (Volatile) ±0.0466
February Spread (Stable) ±0.0045

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 0.0196 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0196

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.2298) against the same month in 2019 (average: 0.2218), the exchange rate shifted by +0.0080 (+3.59%).

2020 Avg (December) 0.2298
2019 Avg (December) 0.2218

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2279 0.2173 0.2237
February 0.2173 0.2128 0.2153
March 0.2161 0.1695 0.1957
April 0.1960 0.1854 0.1920
May 0.2058 0.1916 0.1983
June 0.2164 0.2057 0.2096
July 0.2213 0.2099 0.2151
August 0.2291 0.2190 0.2236
September 0.2285 0.2090 0.2187
October 0.2189 0.2098 0.2152
November 0.2267 0.2089 0.2204
December 0.2343 0.2263 0.2298