YEARLY HIGH
0.8327 DKK
YEARLY LOW
0.7689 DKK
YEARLY AVERAGE
0.8014 DKK

2016 NOK to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 19, valuing the pair at 0.8327. Conversely, the yearly low was recorded on January 11, dropping to 0.7689.

This high-to-low spread represents a total annual volatility of 0.0638 DKK. From a start-to-finish perspective, comparing the January average rate of 0.7795 to the December average rate of 0.8233, the exchange rate registered a net change of 5.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8327 was down 6.72% compared to the 2015 peak of 0.8927, 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 4,163 DKK
2015 Average 4,174 DKK
Yearly Trough Low 3,844 DKK
Transaction Impact: A difference of 319.14 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8306
0.7748
JanuMarcMayJulySeptNove

NOK to DKK 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 0.7909, compared to 0.8118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0209 points.

H1 Avg (Jan–Jun) 0.7909
H2 Avg (Jul–Dec) 0.8118

Volatility Range Comparison

Volatility

The most volatile month in 2016 was September, with a trading range of 0.0310 DKK (High: 0.8292 / Low: 0.7982). On the other end, November was the most stable month, with a tight range of 0.0075 DKK (High: 0.8235 / Low: 0.8160).

September Spread (Volatile) ±0.0310
November Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 0.0071 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.8260) against the same month in 2015 (average: 0.8042), the exchange rate shifted by +0.0218 (+2.71%).

2016 Avg (October) 0.8260
2015 Avg (October) 0.8042

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7934 0.7689 0.7795
February 0.7898 0.7708 0.7811
March 0.7990 0.7844 0.7909
April 0.8097 0.7847 0.7979
May 0.8063 0.7942 0.7994
June 0.8058 0.7888 0.7969
July 0.8040 0.7854 0.7939
August 0.8116 0.7851 0.7998
September 0.8292 0.7982 0.8089
October 0.8327 0.8198 0.8260
November 0.8235 0.8160 0.8189
December 0.8306 0.8164 0.8233