YEARLY HIGH
2.2548 EGP
YEARLY LOW
0.8750 EGP
YEARLY AVERAGE
1.1916 EGP

2016 NOK to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 2.2548. Conversely, the yearly low was recorded on January 6, dropping to 0.8750.

This high-to-low spread represents a total annual volatility of 1.3798 EGP. From a start-to-finish perspective, comparing the January average rate of 0.8888 to the December average rate of 2.1470, the exchange rate registered a net change of 141.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.2548 was up 116.37% compared to the 2015 peak of 1.0421, 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 11,274 EGP
2015 Average 4,785 EGP
Yearly Trough Low 4,375 EGP
Transaction Impact: A difference of 6,898.95 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.2728
0.7630
JanuMarcMayJulySeptNove

NOK to EGP 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 1.0031, compared to 1.3802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3772 points.

H1 Avg (Jan–Jun) 1.0031
H2 Avg (Jul–Dec) 1.3802

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 1.0854 EGP (High: 2.1644 / Low: 1.0790). On the other end, February was the most stable month, with a tight range of 0.0181 EGP (High: 0.9171 / Low: 0.8991).

November Spread (Volatile) ±1.0854
February Spread (Stable) ±0.0181

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0205 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2.1470) against the same month in 2015 (average: 0.9015), the exchange rate shifted by +1.2455 (+138.15%).

2016 Avg (December) 2.1470
2015 Avg (December) 0.9015

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.9067 0.8750 0.8888
February 0.9171 0.8991 0.9102
March 1.0713 0.9037 0.9932
April 1.1017 1.0637 1.0792
May 1.1061 1.0598 1.0779
June 1.0950 1.0386 1.0691
July 1.0693 1.0360 1.0486
August 1.0871 1.0434 1.0689
September 1.1101 1.0645 1.0803
October 1.1130 1.0723 1.0874
November 2.1644 1.0790 1.8491
December 2.2548 2.0954 2.1470