YEARLY HIGH
0.8364 CNY
YEARLY LOW
0.7311 CNY
YEARLY AVERAGE
0.7912 CNY

2016 NOK to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.8364. Conversely, the yearly low was recorded on January 6, dropping to 0.7311.

This high-to-low spread represents a total annual volatility of 0.1053 CNY. From a start-to-finish perspective, comparing the January average rate of 0.7452 to the December average rate of 0.8079, the exchange rate registered a net change of 8.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8364 was down 1.01% compared to the 2015 peak of 0.8450, 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 4,182 CNY
2015 Average 3,894 CNY
Yearly Trough Low 3,656 CNY
Transaction Impact: A difference of 526.43 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8319
0.7373
JanuMarcMayJulySeptNove

NOK to CNY 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 0.7747, compared to 0.8077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0330 points.

H1 Avg (Jan–Jun) 0.7747
H2 Avg (Jul–Dec) 0.8077

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0342 CNY (High: 0.8099 / Low: 0.7757). On the other end, February was the most stable month, with a tight range of 0.0180 CNY (High: 0.7701 / Low: 0.7521).

June Spread (Volatile) ±0.0342
February Spread (Stable) ±0.0180

Growth Streaks & Declines

Trends

Between January and June, 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 0.0115 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.8240) against the same month in 2015 (average: 0.7679), the exchange rate shifted by +0.0561 (+7.31%).

2016 Avg (October) 0.8240
2015 Avg (October) 0.7679

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7611 0.7311 0.7452
February 0.7701 0.7521 0.7610
March 0.7787 0.7560 0.7682
April 0.8033 0.7765 0.7874
May 0.8067 0.7850 0.7928
June 0.8099 0.7757 0.7936
July 0.8022 0.7780 0.7884
August 0.8117 0.7825 0.8007
September 0.8343 0.8007 0.8123
October 0.8364 0.8179 0.8240
November 0.8287 0.8010 0.8125
December 0.8273 0.7976 0.8079