2019 NOK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NOK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NOK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1091.3388. Conversely, the yearly low was recorded on November 12, dropping to 985.3608.
This high-to-low spread represents a total annual volatility of 105.9780 GNF. From a start-to-finish perspective, comparing the January average rate of 1071.2746 to the December average rate of 1051.4532, the exchange rate registered a net change of -1.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 1091.3388 was down 7.42% compared to the 2018 peak of 1178.7980, 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 2019.
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 1065.8083, compared to 1033.5160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.2923 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was November, with a trading range of 58.9069 GNF (High: 1044.2677 / Low: 985.3608). On the other end, October was the most stable month, with a tight range of 17.5460 GNF (High: 1020.9675 / Low: 1003.4215).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 42.5586 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 1068.7955) against the same month in 2018 (average: 1149.6523), the exchange rate shifted by -80.8567 (-7.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1086.9958 | 1041.8375 | 1071.2746 |
| February | 1091.3388 | 1052.0250 | 1068.7955 |
| March | 1081.9745 | 1044.2091 | 1067.5283 |
| April | 1086.7049 | 1049.2094 | 1071.1068 |
| May | 1064.4238 | 1040.6338 | 1051.2016 |
| June | 1083.0106 | 1041.2062 | 1064.9429 |
| July | 1081.8021 | 1038.7074 | 1068.4701 |
| August | 1038.8274 | 1003.8973 | 1025.9116 |
| September | 1034.0106 | 1007.1190 | 1022.4268 |
| October | 1020.9675 | 1003.4215 | 1010.4824 |
| November | 1044.2677 | 985.3608 | 1022.3521 |
| December | 1084.2042 | 1029.0458 | 1051.4532 |