YEARLY HIGH
0.1136 EUR
YEARLY LOW
0.1002 EUR
YEARLY AVERAGE
0.1072 EUR

2017 NOK to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 0.1136. Conversely, the yearly low was recorded on December 20, dropping to 0.1002.

This high-to-low spread represents a total annual volatility of 0.0134 EUR. From a start-to-finish perspective, comparing the January average rate of 0.1111 to the December average rate of 0.1016, the exchange rate registered a net change of -8.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1136 was up 1.47% compared to the 2016 peak of 0.1120, 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 568 EUR
2016 Average 538 EUR
Yearly Trough Low 501 EUR
Transaction Impact: A difference of 67.22 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1139
0.1005
JanuMarcMayJulySeptNove

NOK to EUR 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 0.1090, compared to 0.1055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.1090
H2 Avg (Jul–Dec) 0.1055

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0049 EUR (High: 0.1059 / Low: 0.1010). On the other end, February was the most stable month, with a tight range of 0.0015 EUR (High: 0.1136 / Low: 0.1121).

November Spread (Volatile) ±0.0049
February Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0029 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 0.1128) against the same month in 2016 (average: 0.1046), the exchange rate shifted by +0.0082 (+7.81%).

2017 Avg (February) 0.1128
2016 Avg (February) 0.1046

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1124 0.1100 0.1111
February 0.1136 0.1121 0.1128
March 0.1127 0.1085 0.1099
April 0.1098 0.1068 0.1086
May 0.1070 0.1049 0.1064
June 0.1058 0.1042 0.1053
July 0.1080 0.1048 0.1063
August 0.1083 0.1066 0.1073
September 0.1082 0.1063 0.1072
October 0.1073 0.1050 0.1064
November 0.1059 0.1010 0.1041
December 0.1025 0.1002 0.1016