YEARLY HIGH
0.1002 GBP
YEARLY LOW
0.0888 GBP
YEARLY AVERAGE
0.0940 GBP

2017 NOK to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.1002. Conversely, the yearly low was recorded on November 30, dropping to 0.0888.

This high-to-low spread represents a total annual volatility of 0.0114 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0957 to the December average rate of 0.0898, the exchange rate registered a net change of -6.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1002 was down 0.23% compared to the 2016 peak of 0.1004, 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 501 GBP
2016 Average 441 GBP
Yearly Trough Low 444 GBP
Transaction Impact: A difference of 56.78 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0987
0.0889
JanuMarcMayJulySeptNove

NOK to GBP 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 0.0938, compared to 0.0942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0938
H2 Avg (Jul–Dec) 0.0942

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0053 GBP (High: 0.0942 / Low: 0.0888). On the other end, December was the most stable month, with a tight range of 0.0014 GBP (High: 0.0903 / Low: 0.0890).

November Spread (Volatile) ±0.0053
December Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.0979) against the same month in 2016 (average: 0.0920), the exchange rate shifted by +0.0059 (+6.37%).

2017 Avg (August) 0.0979
2016 Avg (August) 0.0920

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0976 0.0938 0.0957
February 0.0976 0.0952 0.0962
March 0.0970 0.0928 0.0953
April 0.0936 0.0899 0.0921
May 0.0932 0.0890 0.0911
June 0.0932 0.0908 0.0924
July 0.0966 0.0920 0.0943
August 0.1002 0.0956 0.0979
September 0.0991 0.0937 0.0959
October 0.0959 0.0922 0.0947
November 0.0942 0.0888 0.0924
December 0.0903 0.0890 0.0898