YEARLY HIGH
2.1164 EGP
YEARLY LOW
1.7483 EGP
YEARLY AVERAGE
1.9144 EGP

2019 NOK to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NOK to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 2.1164. Conversely, the yearly low was recorded on October 29, dropping to 1.7483.

This high-to-low spread represents a total annual volatility of 0.3681 EGP. From a start-to-finish perspective, comparing the January average rate of 2.0904 to the December average rate of 1.7841, the exchange rate registered a net change of -14.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 2.1164 was down 8.34% compared to the 2018 peak of 2.3091, 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 10,582 EGP
2018 Average 10,946 EGP
Yearly Trough Low 8,741 EGP
Transaction Impact: A difference of 1,840.64 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.1231
1.7310
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 2.0097, compared to 1.8192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1905 points.

H1 Avg (Jan–Jun) 2.0097
H2 Avg (Jul–Dec) 1.8192

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.0818 EGP (High: 1.9496 / Low: 1.8679). On the other end, November was the most stable month, with a tight range of 0.0271 EGP (High: 1.7754 / Low: 1.7483).

July Spread (Volatile) ±0.0818
November Spread (Stable) ±0.0271

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0800 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0800

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 2.0904) against the same month in 2018 (average: 2.2393), the exchange rate shifted by -0.1489 (-6.65%).

2019 Avg (January) 2.0904
2018 Avg (January) 2.2393

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.1164 2.0393 2.0904
February 2.0919 2.0200 2.0471
March 2.0440 1.9849 2.0199
April 2.0425 1.9739 2.0138
May 1.9839 1.9079 1.9476
June 1.9688 1.9079 1.9391
July 1.9496 1.8679 1.9274
August 1.8700 1.8094 1.8474
September 1.8442 1.7891 1.8173
October 1.7954 1.7483 1.7752
November 1.7754 1.7483 1.7637
December 1.8205 1.7506 1.7841