YEARLY HIGH
0.5735 GHS
YEARLY LOW
0.4774 GHS
YEARLY AVERAGE
0.5328 GHS

2017 NOK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.5735. Conversely, the yearly low was recorded on April 22, dropping to 0.4774.

This high-to-low spread represents a total annual volatility of 0.0961 GHS. From a start-to-finish perspective, comparing the January average rate of 0.5072 to the December average rate of 0.5428, the exchange rate registered a net change of 7.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.5735 was up 11.62% compared to the 2016 peak of 0.5138, 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 2,867 GHS
2016 Average 2,351 GHS
Yearly Trough Low 2,387 GHS
Transaction Impact: A difference of 480.47 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.5730
0.4833
JanuMarcMayJulySeptNove

NOK to GHS 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 0.5144, compared to 0.5511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0368 points.

H1 Avg (Jan–Jun) 0.5144
H2 Avg (Jul–Dec) 0.5511

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 0.0572 GHS (High: 0.5619 / Low: 0.5047). On the other end, December was the most stable month, with a tight range of 0.0154 GHS (High: 0.5521 / Low: 0.5367).

March Spread (Volatile) ±0.0572
December Spread (Stable) ±0.0154

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0420 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0420

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 0.5655) against the same month in 2016 (average: 0.4820), the exchange rate shifted by +0.0835 (+17.32%).

2017 Avg (September) 0.5655
2016 Avg (September) 0.4820

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5278 0.4900 0.5072
February 0.5525 0.5231 0.5344
March 0.5619 0.5047 0.5328
April 0.5047 0.4774 0.4908
May 0.5260 0.4823 0.5037
June 0.5238 0.5040 0.5173
July 0.5575 0.5223 0.5381
August 0.5710 0.5527 0.5601
September 0.5735 0.5547 0.5655
October 0.5572 0.5356 0.5499
November 0.5703 0.5391 0.5505
December 0.5521 0.5367 0.5428