2011 NOK to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 NOK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the NOK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 3.2128. Conversely, the yearly low was recorded on January 9, dropping to 2.1280.
This high-to-low spread represents a total annual volatility of 1.0849 ETB. From a start-to-finish perspective, comparing the January average rate of 2.1732 to the December average rate of 2.9324, the exchange rate registered a net change of 34.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 3.2128 was up 45.26% compared to the 2010 peak of 2.2118, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
NOK to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 2.6480, compared to 3.0436 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3957 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was April, with a trading range of 0.8863 ETB (High: 3.2106 / Low: 2.3243). On the other end, March was the most stable month, with a tight range of 0.0651 ETB (High: 2.3168 / Low: 2.2517).
Growth Streaks & Declines
TrendsBetween January and August, 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 August and September, when the average rate fell by 0.0834 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2011: 3.0787) against the same month in 2010 (average: 1.7872), the exchange rate shifted by +1.2915 (+72.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.2133 | 2.1280 | 2.1732 |
| February | 2.2850 | 2.1756 | 2.2267 |
| March | 2.3168 | 2.2517 | 2.2861 |
| April | 3.2106 | 2.3243 | 3.0164 |
| May | 3.2128 | 3.0058 | 3.0787 |
| June | 3.1545 | 3.0408 | 3.1067 |
| July | 3.1743 | 3.0301 | 3.1207 |
| August | 3.1877 | 3.0847 | 3.1347 |
| September | 3.1719 | 2.9215 | 3.0513 |
| October | 3.1609 | 2.8892 | 3.0321 |
| November | 3.0566 | 2.9044 | 2.9907 |
| December | 3.0030 | 2.8709 | 2.9324 |