YEARLY HIGH
0.3225 GEL
YEARLY LOW
0.2557 GEL
YEARLY AVERAGE
0.2814 GEL

2016 NOK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.3225. Conversely, the yearly low was recorded on May 31, dropping to 0.2557.

This high-to-low spread represents a total annual volatility of 0.0668 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2766 to the December average rate of 0.3095, the exchange rate registered a net change of 11.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.3225 was up 0.12% compared to the 2015 peak of 0.3221, 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 1,613 GEL
2015 Average 1,367 GEL
Yearly Trough Low 1,278 GEL
Transaction Impact: A difference of 334.14 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.3140
0.2596
JanuMarcMayJulySeptNove

NOK to GEL 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 0.2748, compared to 0.2880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 0.2748
H2 Avg (Jul–Dec) 0.2880

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0247 GEL (High: 0.2804 / Low: 0.2557). On the other end, July was the most stable month, with a tight range of 0.0062 GEL (High: 0.2798 / Low: 0.2736).

June Spread (Volatile) ±0.0247
July Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0094 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.3095) against the same month in 2015 (average: 0.2757), the exchange rate shifted by +0.0338 (+12.26%).

2016 Avg (December) 0.3095
2015 Avg (December) 0.2757

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2870 0.2700 0.2766
February 0.2917 0.2834 0.2885
March 0.2905 0.2720 0.2805
April 0.2771 0.2701 0.2742
May 0.2774 0.2557 0.2649
June 0.2804 0.2557 0.2641
July 0.2798 0.2736 0.2764
August 0.2852 0.2757 0.2790
September 0.2920 0.2749 0.2812
October 0.2925 0.2856 0.2885
November 0.2984 0.2885 0.2935
December 0.3225 0.3011 0.3095