2020 NOK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NOK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NOK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1172.7679. Conversely, the yearly low was recorded on March 21, dropping to 797.9041.
This high-to-low spread represents a total annual volatility of 374.8638 GNF. From a start-to-finish perspective, comparing the January average rate of 1060.6807 to the December average rate of 1142.7182, the exchange rate registered a net change of 7.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1172.7679 was up 7.46% compared to the 2019 peak of 1091.3388, 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 2020.
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 976.5519, compared to 1074.6831 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 98.1311 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 232.3686 GNF (High: 1030.2727 / Low: 797.9041). On the other end, February was the most stable month, with a tight range of 30.2235 GNF (High: 1034.3207 / Low: 1004.0973).
Growth Streaks & Declines
TrendsBetween April and August, 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 February and March, when the average rate fell by 92.0537 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 1142.7182) against the same month in 2019 (average: 1051.4532), the exchange rate shifted by +91.2650 (+8.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1093.9343 | 1022.4532 | 1060.6807 |
| February | 1034.3207 | 1004.0973 | 1019.5283 |
| March | 1030.2727 | 797.9041 | 927.4747 |
| April | 932.3199 | 882.4632 | 911.1983 |
| May | 978.7987 | 907.8046 | 939.1341 |
| June | 1036.8178 | 980.4623 | 1001.2956 |
| July | 1066.3434 | 1011.1044 | 1035.4602 |
| August | 1105.6641 | 1054.5301 | 1077.9977 |
| September | 1103.8305 | 1017.5338 | 1060.5603 |
| October | 1072.2875 | 1026.0829 | 1052.3954 |
| November | 1113.4226 | 1023.5235 | 1078.9665 |
| December | 1172.7679 | 1116.2512 | 1142.7182 |