2016 NOK to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NOK to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NOK to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 5.3494. Conversely, the yearly low was recorded on January 7, dropping to 4.4209.
This high-to-low spread represents a total annual volatility of 0.9285 GMD. From a start-to-finish perspective, comparing the January average rate of 4.4837 to the December average rate of 4.9951, the exchange rate registered a net change of 11.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 5.3494 was down 9.16% compared to the 2015 peak of 5.8887, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NOK to GMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.8978, compared to 5.1099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2121 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was March, with a trading range of 0.6317 GMD (High: 5.1585 / Low: 4.5267). On the other end, February was the most stable month, with a tight range of 0.1020 GMD (High: 4.6334 / Low: 4.5314).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1554 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2016: 5.2272) against the same month in 2015 (average: 4.7370), the exchange rate shifted by +0.4902 (+10.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.5711 | 4.4209 | 4.4837 |
| February | 4.6334 | 4.5314 | 4.5868 |
| March | 5.1585 | 4.5267 | 4.7979 |
| April | 5.2884 | 5.1149 | 5.1857 |
| May | 5.3302 | 5.0899 | 5.1910 |
| June | 5.2833 | 5.0093 | 5.1419 |
| July | 5.1411 | 4.9775 | 5.0414 |
| August | 5.2382 | 5.0034 | 5.1368 |
| September | 5.3165 | 5.1112 | 5.1869 |
| October | 5.3494 | 5.1526 | 5.2272 |
| November | 5.2249 | 4.9440 | 5.0718 |
| December | 5.1374 | 4.8994 | 4.9951 |