2017 NOK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NOK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NOK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 1161.0506. Conversely, the yearly low was recorded on June 21, dropping to 1056.1001.
This high-to-low spread represents a total annual volatility of 104.9505 GNF. From a start-to-finish perspective, comparing the January average rate of 1106.6888 to the December average rate of 1085.1088, the exchange rate registered a net change of -1.95% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 1161.0506 was up 1.48% compared to the 2016 peak of 1144.1233, 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 2017.
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 1093.1090, compared to 1115.4493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.3403 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 65.4643 GNF (High: 1140.7466 / Low: 1075.2823). On the other end, December was the most stable month, with a tight range of 27.8454 GNF (High: 1098.6953 / Low: 1070.8499).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 28.8018 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 1145.1096) against the same month in 2016 (average: 1106.0773), the exchange rate shifted by +39.0323 (+3.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1135.7560 | 1080.6030 | 1106.6888 |
| February | 1140.2771 | 1097.8265 | 1125.6428 |
| March | 1113.2212 | 1073.7994 | 1096.8410 |
| April | 1088.5409 | 1059.9544 | 1078.9122 |
| May | 1096.8438 | 1056.5210 | 1078.4438 |
| June | 1086.2680 | 1056.1001 | 1072.1254 |
| July | 1140.7466 | 1075.2823 | 1104.9804 |
| August | 1156.9543 | 1112.4527 | 1132.5480 |
| September | 1161.0506 | 1126.4672 | 1145.1096 |
| October | 1135.7293 | 1101.2418 | 1122.9920 |
| November | 1112.5174 | 1081.6996 | 1101.9569 |
| December | 1098.6953 | 1070.8499 | 1085.1088 |