YEARLY HIGH
0.9133 GTQ
YEARLY LOW
0.6473 GTQ
YEARLY AVERAGE
0.8229 GTQ

2020 NOK to GTQ Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to GTQ exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.9133. Conversely, the yearly low was recorded on March 22, dropping to 0.6473.

This high-to-low spread represents a total annual volatility of 0.2660 GTQ. From a start-to-finish perspective, comparing the January average rate of 0.8609 to the December average rate of 0.8969, the exchange rate registered a net change of 4.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9133 was down 0.88% compared to the 2019 peak of 0.9214, 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 4,566 GTQ
2019 Average 4,378 GTQ
Yearly Trough Low 3,237 GTQ
Transaction Impact: A difference of 1,329.89 GTQ purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9126
0.7242
JanuMarcMayJulySeptNove

NOK to GTQ 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 0.7910, compared to 0.8549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0640 points.

H1 Avg (Jan–Jun) 0.7910
H2 Avg (Jul–Dec) 0.8549

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1831 GTQ (High: 0.8305 / Low: 0.6473). On the other end, February was the most stable month, with a tight range of 0.0210 GTQ (High: 0.8325 / Low: 0.8115).

March Spread (Volatile) ±0.1831
February Spread (Stable) ±0.0210

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 0.0702 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0702

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.8969) against the same month in 2019 (average: 0.8530), the exchange rate shifted by +0.0439 (+5.15%).

2020 Avg (December) 0.8969
2019 Avg (December) 0.8530

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8826 0.8325 0.8609
February 0.8325 0.8115 0.8228
March 0.8305 0.6473 0.7526
April 0.7565 0.7151 0.7399
May 0.7909 0.7346 0.7631
June 0.8307 0.7917 0.8065
July 0.8532 0.8082 0.8279
August 0.8837 0.8438 0.8611
September 0.8829 0.8128 0.8480
October 0.8516 0.8178 0.8373
November 0.8858 0.8144 0.8584
December 0.9133 0.8828 0.8969