2020 NOK to CVE Historical Review

YEARLY HIGH

22.9149 CVE

YEARLY LOW

8.7399 CVE

YEARLY AVERAGE

10.3699 CVE

2020 NOK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 22.9149. Conversely, the yearly low was recorded on March 21, dropping to 8.7399.

This high-to-low spread represents a total annual volatility of 14.1751 CVE. From a start-to-finish perspective, comparing the January average rate of 11.1442 to the December average rate of 10.4468, the exchange rate registered a net change of -6.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 22.9149 was up 97.96% compared to the 2019 peak of 11.5753, 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 114,575 CVE

2019 Average 56,163 CVE

Yearly Trough Low 43,699 CVE

Transaction Impact: A difference of 70,875.33 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

11.2811

9.6379

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 10.4089, compared to 10.3310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0779 points.

H1 Avg (Jan–Jun) 10.4089

H2 Avg (Jul–Dec) 10.3310

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 14.1751 CVE (High: 22.9149 / Low: 8.7399). On the other end, December was the most stable month, with a tight range of 0.1975 CVE (High: 10.5517 / Low: 10.3542).

March Spread (Volatile) ±14.1751

December Spread (Stable) ±0.1975

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6670 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6670

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 10.2532) against the same month in 2019 (average: 11.3722), the exchange rate shifted by -1.1190 (-9.84%).

2020 Avg (March) 10.2532

2019 Avg (March) 11.3722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2523	10.8817	11.1442
February	11.0614	10.7327	10.9202
March	22.9149	8.7399	10.2532
April	10.0039	9.4813	9.7749
May	10.2670	9.6533	10.0484
June	10.6069	10.1108	10.3125
July	11.0578	10.3047	10.4154
August	10.6140	10.2758	10.4356
September	10.5870	9.9178	10.2596
October	10.2702	9.9305	10.1241
November	10.5521	9.8866	10.3046
December	10.5517	10.3542	10.4468