YEARLY HIGH
2.2884 EGP
YEARLY LOW
1.8814 EGP
YEARLY AVERAGE
2.1580 EGP

2017 NOK to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.2884. Conversely, the yearly low was recorded on February 28, dropping to 1.8814.

This high-to-low spread represents a total annual volatility of 0.4071 EGP. From a start-to-finish perspective, comparing the January average rate of 2.2013 to the December average rate of 2.1433, the exchange rate registered a net change of -2.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.2884 was up 1.49% compared to the 2016 peak of 2.2548, 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 11,442 EGP
2016 Average 5,962 EGP
Yearly Trough Low 9,407 EGP
Transaction Impact: A difference of 2,035.38 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.2745
2.0183
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 2.1144, compared to 2.2017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0873 points.

H1 Avg (Jan–Jun) 2.1144
H2 Avg (Jul–Dec) 2.2017

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 0.4071 EGP (High: 2.2884 / Low: 1.8814). On the other end, December was the most stable month, with a tight range of 0.0404 EGP (High: 2.1668 / Low: 2.1264).

February Spread (Volatile) ±0.4071
December Spread (Stable) ±0.0404

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1617 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.1617

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 2.0396) against the same month in 2016 (average: 0.9102), the exchange rate shifted by +1.1295 (+124.10%).

2017 Avg (February) 2.0396
2016 Avg (February) 0.9102

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.2754 2.0911 2.2013
February 2.2884 1.8814 2.0396
March 2.1477 1.9091 2.0736
April 2.1331 2.0787 2.1029
May 2.1739 2.0850 2.1284
June 2.1711 2.1151 2.1406
July 2.2716 2.1290 2.1978
August 2.2836 2.2265 2.2502
September 2.2811 2.2153 2.2532
October 2.2351 2.1571 2.2064
November 2.1765 2.1252 2.1590
December 2.1668 2.1264 2.1433