YEARLY HIGH
434.9959 COP
YEARLY LOW
344.9286 COP
YEARLY AVERAGE
392.2236 COP

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.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 2,174,980 COP
2019 Average 1,863,707 COP
Yearly Trough Low 1,724,643 COP
Transaction Impact: A difference of 450,336.39 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

428.1794
361.1484
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 377.5750
H2 Avg (Jul–Dec) 406.8722

Volatility Range Comparison

Volatility

The 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).

March Spread (Volatile) ±54.7344
January Spread (Stable) ±9.6081

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 6 Mo.
Sharpest MoM Drop -12.5777

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2020 Avg (August) 422.5935
2019 Avg (August) 379.7421

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