2014 NOK to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 NOK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the NOK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 8, valuing the pair at 3.2979. Conversely, the yearly low was recorded on December 28, dropping to 2.7052.
This high-to-low spread represents a total annual volatility of 0.5927 ETB. From a start-to-finish perspective, comparing the January average rate of 3.1140 to the December average rate of 2.7639, the exchange rate registered a net change of -11.24% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 3.2979 was down 1.97% compared to the 2013 peak of 3.3641, 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 2014.
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 3.2086, compared to 3.0482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1604 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was December, with a trading range of 0.1881 ETB (High: 2.8933 / Low: 2.7052). On the other end, May was the most stable month, with a tight range of 0.0242 ETB (High: 3.2979 / Low: 3.2737).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 0.1808 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2014: 3.2854) against the same month in 2013 (average: 3.1993), the exchange rate shifted by +0.0862 (+2.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.1470 | 3.0634 | 3.1140 |
| February | 3.2126 | 3.0458 | 3.1411 |
| March | 3.2411 | 3.1773 | 3.2153 |
| April | 3.2815 | 3.2366 | 3.2522 |
| May | 3.2979 | 3.2737 | 3.2854 |
| June | 3.2909 | 3.1955 | 3.2436 |
| July | 3.2018 | 3.1499 | 3.1848 |
| August | 3.2283 | 3.1527 | 3.1989 |
| September | 3.2144 | 3.0972 | 3.1401 |
| October | 3.1050 | 2.9812 | 3.0566 |
| November | 2.9786 | 2.8650 | 2.9447 |
| December | 2.8933 | 2.7052 | 2.7639 |