2020 NOK to GHS Historical Review

YEARLY HIGH

0.6877 GHS

YEARLY LOW

0.4764 GHS

YEARLY AVERAGE

0.6110 GHS

2020 NOK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.6877. Conversely, the yearly low was recorded on March 21, dropping to 0.4764.

This high-to-low spread represents a total annual volatility of 0.2113 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6322 to the December average rate of 0.6743, the exchange rate registered a net change of 6.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.6877 was down 58.43% compared to the 2019 peak of 1.6543, 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 3,439 GHS

2019 Average 3,062 GHS

Yearly Trough Low 2,382 GHS

Transaction Impact: A difference of 1,056.69 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.6872

0.5327

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 0.5817, compared to 0.6403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0586 points.

H1 Avg (Jan–Jun) 0.5817

H2 Avg (Jul–Dec) 0.6403

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1120 GHS (High: 0.5884 / Low: 0.4764). On the other end, December was the most stable month, with a tight range of 0.0242 GHS (High: 0.6877 / Low: 0.6636).

March Spread (Volatile) ±0.1120

December Spread (Stable) ±0.0242

Growth Streaks & Declines

Trends

Between March and August, 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 January and February, when the average rate fell by 0.0531 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0531

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.6743) against the same month in 2019 (average: 0.6321), the exchange rate shifted by +0.0423 (+6.69%).

2020 Avg (December) 0.6743

2019 Avg (December) 0.6321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6485	0.5974	0.6322
February	0.5974	0.5686	0.5791
March	0.5884	0.4764	0.5456
April	0.5660	0.5337	0.5543
May	0.5941	0.5535	0.5725
June	0.6263	0.5950	0.6064
July	0.6399	0.6072	0.6213
August	0.6604	0.6319	0.6452
September	0.6597	0.6057	0.6327
October	0.6373	0.6114	0.6255
November	0.6632	0.6086	0.6428
December	0.6877	0.6636	0.6743