YEARLY HIGH
0.9046 BOB
YEARLY LOW
0.7971 BOB
YEARLY AVERAGE
0.8399 BOB

2017 NOK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.9046. Conversely, the yearly low was recorded on May 4, dropping to 0.7971.

This high-to-low spread represents a total annual volatility of 0.1075 BOB. From a start-to-finish perspective, comparing the January average rate of 0.8176 to the December average rate of 0.8318, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.9046 was up 4.54% compared to the 2016 peak of 0.8654, 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 4,523 BOB
2016 Average 4,109 BOB
Yearly Trough Low 3,985 BOB
Transaction Impact: A difference of 537.70 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.8999
0.7987
JanuMarcMayJulySeptNove

NOK to BOB 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 0.8179, compared to 0.8620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0441 points.

H1 Avg (Jan–Jun) 0.8179
H2 Avg (Jul–Dec) 0.8620

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.0542 BOB (High: 0.8797 / Low: 0.8255). On the other end, April was the most stable month, with a tight range of 0.0173 BOB (High: 0.8144 / Low: 0.7972).

July Spread (Volatile) ±0.0542
April Spread (Stable) ±0.0173

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 0.0268 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0268

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.8826) against the same month in 2016 (average: 0.8331), the exchange rate shifted by +0.0495 (+5.94%).

2017 Avg (August) 0.8826
2016 Avg (August) 0.8331

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8371 0.8010 0.8176
February 0.8446 0.8227 0.8308
March 0.8225 0.8009 0.8141
April 0.8144 0.7972 0.8071
May 0.8337 0.7971 0.8171
June 0.8311 0.8137 0.8204
July 0.8797 0.8255 0.8528
August 0.9046 0.8723 0.8826
September 0.9040 0.8760 0.8915
October 0.8796 0.8449 0.8647
November 0.8575 0.8332 0.8485
December 0.8440 0.8195 0.8318