2016 NOK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NOK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NOK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 209.1023. Conversely, the yearly low was recorded on January 18, dropping to 174.2458.
This high-to-low spread represents a total annual volatility of 34.8565 BIF. From a start-to-finish perspective, comparing the January average rate of 177.2581 to the December average rate of 195.4840, the exchange rate registered a net change of 10.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 209.1023 was down 2.88% compared to the 2015 peak of 215.2930, 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 2016.
NOK to BIF 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 185.7488, compared to 199.4702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.7214 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 18.0101 BIF (High: 204.6126 / Low: 186.6025). On the other end, February was the most stable month, with a tight range of 3.7339 BIF (High: 182.8670 / Low: 179.1330).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 5.6137 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2016: 204.2100) against the same month in 2015 (average: 188.4781), the exchange rate shifted by +15.7319 (+8.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 181.2993 | 174.2458 | 177.2581 |
| February | 182.8670 | 179.1330 | 181.2850 |
| March | 188.7318 | 181.1714 | 184.3860 |
| April | 193.3863 | 185.6951 | 188.8756 |
| May | 192.9858 | 186.2603 | 189.3208 |
| June | 204.6126 | 186.6025 | 193.3675 |
| July | 199.4215 | 193.4864 | 195.7816 |
| August | 203.8387 | 194.7025 | 200.1478 |
| September | 208.1407 | 199.4893 | 202.6018 |
| October | 209.1023 | 201.1984 | 204.2100 |
| November | 204.7241 | 194.3829 | 198.5963 |
| December | 200.7432 | 191.7834 | 195.4840 |