YEARLY HIGH
12.5557 CVE
YEARLY LOW
11.1105 CVE
YEARLY AVERAGE
11.8647 CVE

2017 NOK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 12.5557. Conversely, the yearly low was recorded on December 20, dropping to 11.1105.

This high-to-low spread represents a total annual volatility of 1.4452 CVE. From a start-to-finish perspective, comparing the January average rate of 12.2790 to the December average rate of 11.2431, the exchange rate registered a net change of -8.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 12.5557 was up 1.79% compared to the 2016 peak of 12.3352, 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 62,778 CVE
2016 Average 59,342 CVE
Yearly Trough Low 55,552 CVE
Transaction Impact: A difference of 7,226.09 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

12.6021
11.1196
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 12.0620, compared to 11.6675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3945 points.

H1 Avg (Jan–Jun) 12.0620
H2 Avg (Jul–Dec) 11.6675

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.5888 CVE (High: 11.7424 / Low: 11.1535). On the other end, February was the most stable month, with a tight range of 0.1512 CVE (High: 12.5557 / Low: 12.4045).

November Spread (Volatile) ±0.5888
February Spread (Stable) ±0.1512

Growth Streaks & Declines

Trends

Between June and August, 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 February and March, when the average rate fell by 0.3099 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.3099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 12.4785) against the same month in 2016 (average: 11.5501), the exchange rate shifted by +0.9284 (+8.04%).

2017 Avg (February) 12.4785
2016 Avg (February) 11.5501

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 12.4596 12.0108 12.2790
February 12.5557 12.4045 12.4785
March 12.4461 11.9855 12.1686
April 12.1737 11.8050 12.0196
May 11.8736 11.5966 11.7764
June 11.7187 11.5411 11.6499
July 12.0398 11.5832 11.7621
August 12.0661 11.7737 11.8632
September 11.9777 11.7244 11.8571
October 11.8688 11.4797 11.7533
November 11.7424 11.1535 11.5261
December 11.3485 11.1105 11.2431