YEARLY HIGH
1172.7679 GNF
YEARLY LOW
797.9041 GNF
YEARLY AVERAGE
1025.6175 GNF

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.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 5,863,840 GNF
2019 Average 5,247,769 GNF
Yearly Trough Low 3,989,521 GNF
Transaction Impact: A difference of 1,874,319.00 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1165.8702
888.0463
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 976.5519
H2 Avg (Jul–Dec) 1074.6831

Volatility Range Comparison

Volatility

The 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).

March Spread (Volatile) ±232.3686
February Spread (Stable) ±30.2235

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 4 Mo.
Sharpest MoM Drop -92.0537

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2020 Avg (December) 1142.7182
2019 Avg (December) 1051.4532

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