2020 NOK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NOK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NOK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 434.9959. Conversely, the yearly low was recorded on March 21, dropping to 344.9286.
This high-to-low spread represents a total annual volatility of 90.0673 COP. From a start-to-finish perspective, comparing the January average rate of 370.1794 to the December average rate of 397.8806, the exchange rate registered a net change of 7.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 434.9959 was up 12.05% compared to the 2019 peak of 388.2240, 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 2020.
NOK to COP 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 377.5750, compared to 406.8722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 29.2972 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 54.7344 COP (High: 399.6630 / Low: 344.9286). On the other end, January was the most stable month, with a tight range of 9.6081 COP (High: 374.5845 / Low: 364.9763).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 12.5777 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 422.5935) against the same month in 2019 (average: 379.7421), the exchange rate shifted by +42.8514 (+11.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 374.5845 | 364.9763 | 370.1794 |
| February | 373.3701 | 360.5056 | 366.7343 |
| March | 399.6630 | 344.9286 | 377.9367 |
| April | 395.7919 | 366.1659 | 380.8610 |
| May | 388.8236 | 372.8247 | 381.5503 |
| June | 397.0490 | 381.1594 | 388.1885 |
| July | 411.1681 | 381.5168 | 392.5357 |
| August | 434.9959 | 407.6349 | 422.5935 |
| September | 429.7564 | 400.4306 | 410.0157 |
| October | 419.5562 | 402.7063 | 412.3969 |
| November | 415.2542 | 396.9598 | 405.8106 |
| December | 406.2968 | 388.1622 | 397.8806 |