YEARLY HIGH
0.1619 CAD
YEARLY LOW
0.1523 CAD
YEARLY AVERAGE
0.1570 CAD

2017 NOK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.1619. Conversely, the yearly low was recorded on December 21, dropping to 0.1523.

This high-to-low spread represents a total annual volatility of 0.0096 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1561 to the December average rate of 0.1535, the exchange rate registered a net change of -1.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1619 was down 1.93% compared to the 2016 peak of 0.1650, 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 809 CAD
2016 Average 789 CAD
Yearly Trough Low 761 CAD
Transaction Impact: A difference of 48.00 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1606
0.1529
JanuMarcMayJulySeptNove

NOK to CAD 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 0.1574, compared to 0.1566 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1574
H2 Avg (Jul–Dec) 0.1566

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 0.0056 CAD (High: 0.1603 / Low: 0.1547). On the other end, December was the most stable month, with a tight range of 0.0027 CAD (High: 0.1550 / Low: 0.1523).

June Spread (Volatile) ±0.0056
December Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0028 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.1598) against the same month in 2016 (average: 0.1565), the exchange rate shifted by +0.0033 (+2.10%).

2017 Avg (August) 0.1598
2016 Avg (August) 0.1565

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1585 0.1540 0.1561
February 0.1587 0.1557 0.1573
March 0.1589 0.1551 0.1574
April 0.1592 0.1545 0.1564
May 0.1617 0.1579 0.1600
June 0.1603 0.1547 0.1573
July 0.1587 0.1538 0.1557
August 0.1619 0.1584 0.1598
September 0.1592 0.1545 0.1570
October 0.1597 0.1563 0.1575
November 0.1581 0.1545 0.1559
December 0.1550 0.1523 0.1535