YEARLY HIGH
12.3352 CVE
YEARLY LOW
11.3423 CVE
YEARLY AVERAGE
11.8675 CVE

2016 NOK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 19, valuing the pair at 12.3352. Conversely, the yearly low was recorded on January 7, dropping to 11.3423.

This high-to-low spread represents a total annual volatility of 0.9929 CVE. From a start-to-finish perspective, comparing the January average rate of 11.5192 to the December average rate of 12.2067, the exchange rate registered a net change of 5.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 12.3352 was down 6.68% compared to the 2015 peak of 13.2178, 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 61,676 CVE
2015 Average 61,650 CVE
Yearly Trough Low 56,711 CVE
Transaction Impact: A difference of 4,964.70 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

12.3103
11.4473
JanuMarcMayJulySeptNove

NOK to CVE 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 11.7094, compared to 12.0256 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3162 points.

H1 Avg (Jan–Jun) 11.7094
H2 Avg (Jul–Dec) 12.0256

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.5285 CVE (High: 12.3273 / Low: 11.7989). On the other end, November was the most stable month, with a tight range of 0.1708 CVE (High: 12.2174 / Low: 12.0466).

December Spread (Volatile) ±0.5285
November Spread (Stable) ±0.1708

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1091 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 12.2383) against the same month in 2015 (average: 11.8879), the exchange rate shifted by +0.3504 (+2.95%).

2016 Avg (October) 12.2383
2015 Avg (October) 11.8879

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 11.7318 11.3423 11.5192
February 11.6761 11.4026 11.5501
March 11.8435 11.5660 11.7167
April 11.9766 11.6512 11.8264
May 11.9964 11.7195 11.8174
June 11.9693 11.6817 11.8265
July 11.9182 11.6509 11.7601
August 12.0318 11.6556 11.8454
September 12.2918 11.8221 11.9737
October 12.3352 12.1447 12.2383
November 12.2174 12.0466 12.1292
December 12.3273 11.7989 12.2067