2021 NOK to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NOK to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NOK to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 9.0907. Conversely, the yearly low was recorded on December 4, dropping to 8.1903.
This high-to-low spread represents a total annual volatility of 0.9005 INR. From a start-to-finish perspective, comparing the January average rate of 8.5794 to the December average rate of 8.4056, the exchange rate registered a net change of -2.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 9.0907 was up 5.99% compared to the 2020 peak of 8.5767, 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 2021.
NOK to INR 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 8.6817, compared to 8.5200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1617 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.6139 INR (High: 8.8844 / Low: 8.2705). On the other end, February was the most stable month, with a tight range of 0.2034 INR (High: 8.6571 / Low: 8.4537).
Growth Streaks & Declines
TrendsBetween August and October, 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 October and November, when the average rate fell by 0.3497 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2021: 8.8721) against the same month in 2020 (average: 7.3159), the exchange rate shifted by +1.5562 (+21.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.7130 | 8.4272 | 8.5794 |
| February | 8.6571 | 8.4537 | 8.5612 |
| March | 8.6446 | 8.3870 | 8.5368 |
| April | 9.0907 | 8.5938 | 8.8721 |
| May | 8.9286 | 8.6483 | 8.8109 |
| June | 8.8252 | 8.5487 | 8.7300 |
| July | 8.6781 | 8.2773 | 8.4956 |
| August | 8.4649 | 8.2250 | 8.3706 |
| September | 8.6155 | 8.3934 | 8.4967 |
| October | 8.9946 | 8.5904 | 8.8506 |
| November | 8.8844 | 8.2705 | 8.5009 |
| December | 8.5025 | 8.1903 | 8.4056 |