YEARLY HIGH
0.0473 BHD
YEARLY LOW
0.0421 BHD
YEARLY AVERAGE
0.0449 BHD

2016 NOK to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0473. Conversely, the yearly low was recorded on January 6, dropping to 0.0421.

This high-to-low spread represents a total annual volatility of 0.0051 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0428 to the December average rate of 0.0440, 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 0.0473 was down 8.23% compared to the 2015 peak of 0.0515, 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 236 BHD
2015 Average 234 BHD
Yearly Trough Low 211 BHD
Transaction Impact: A difference of 25.72 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0465
0.0424
JanuMarcMayJulySeptNove

NOK to BHD 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 0.0447, compared to 0.0451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0447
H2 Avg (Jul–Dec) 0.0451

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0024 BHD (High: 0.0463 / Low: 0.0438). On the other end, February was the most stable month, with a tight range of 0.0009 BHD (High: 0.0442 / Low: 0.0433).

November Spread (Volatile) ±0.0024
February Spread (Stable) ±0.0009

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 0.0014 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.0462) against the same month in 2015 (average: 0.0456), the exchange rate shifted by +0.0006 (+1.25%).

2016 Avg (October) 0.0462
2015 Avg (October) 0.0456

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0437 0.0421 0.0428
February 0.0442 0.0433 0.0438
March 0.0455 0.0435 0.0445
April 0.0468 0.0452 0.0458
May 0.0470 0.0450 0.0458
June 0.0465 0.0442 0.0454
July 0.0454 0.0440 0.0446
August 0.0462 0.0443 0.0454
September 0.0471 0.0452 0.0459
October 0.0473 0.0456 0.0462
November 0.0463 0.0438 0.0448
December 0.0451 0.0432 0.0440