2017 NOK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NOK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NOK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 225.9846. Conversely, the yearly low was recorded on January 2, dropping to 193.1646.
This high-to-low spread represents a total annual volatility of 32.8200 BIF. From a start-to-finish perspective, comparing the January average rate of 198.5161 to the December average rate of 211.6100, the exchange rate registered a net change of 6.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 225.9846 was up 8.07% compared to the 2016 peak of 209.1023, 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 2017.
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 200.4941, compared to 216.7296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.2355 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 14.5722 BIF (High: 218.8809 / Low: 204.3087). On the other end, April was the most stable month, with a tight range of 4.1921 BIF (High: 199.0877 / Low: 194.8956).
Growth Streaks & Declines
TrendsBetween April and September, 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 October and November, when the average rate fell by 4.7067 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 222.9151) against the same month in 2016 (average: 202.6018), the exchange rate shifted by +20.3134 (+10.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 203.8938 | 193.1646 | 198.5161 |
| February | 206.1757 | 201.4334 | 203.2691 |
| March | 203.0400 | 195.4892 | 199.4396 |
| April | 199.0877 | 194.8956 | 197.4962 |
| May | 205.4793 | 195.3395 | 200.3959 |
| June | 206.6768 | 202.1102 | 203.8478 |
| July | 218.8809 | 204.3087 | 211.6243 |
| August | 224.4893 | 217.2488 | 220.3990 |
| September | 225.9846 | 217.8841 | 222.9151 |
| October | 222.2922 | 214.6678 | 219.2680 |
| November | 216.6900 | 209.8617 | 214.5613 |
| December | 214.2091 | 208.7582 | 211.6100 |