2016 NOK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NOK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NOK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1144.1233. Conversely, the yearly low was recorded on January 6, dropping to 863.0583.
This high-to-low spread represents a total annual volatility of 281.0650 GNF. From a start-to-finish perspective, comparing the January average rate of 878.0796 to the December average rate of 1082.4811, the exchange rate registered a net change of 23.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 1144.1233 was up 13.29% compared to the 2015 peak of 1009.9306, 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 GNF 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 904.5159, compared to 1088.5586 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 184.0427 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 183.0196 GNF (High: 1059.2062 / Low: 876.1867). On the other end, April was the most stable month, with a tight range of 26.4976 GNF (High: 936.5703 / Low: 910.0727).
Growth Streaks & Declines
TrendsBetween May and October, 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 October and November, when the average rate fell by 29.3447 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2016: 1112.9416) against the same month in 2015 (average: 885.6301), the exchange rate shifted by +227.3115 (+25.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 897.2517 | 863.0583 | 878.0796 |
| February | 907.6799 | 877.1626 | 894.7898 |
| March | 916.6617 | 882.2660 | 899.4835 |
| April | 936.5703 | 910.0727 | 921.8313 |
| May | 938.3511 | 877.7528 | 898.3859 |
| June | 1059.2062 | 876.1867 | 934.5255 |
| July | 1082.9915 | 1044.6503 | 1057.0571 |
| August | 1103.2092 | 1056.0214 | 1089.1975 |
| September | 1137.3091 | 1084.1901 | 1106.0773 |
| October | 1144.1233 | 1095.2211 | 1112.9416 |
| November | 1122.5107 | 1052.1646 | 1083.5968 |
| December | 1094.2411 | 1057.6238 | 1082.4811 |