YEARLY HIGH
145.7648 IQD
YEARLY LOW
121.9744 IQD
YEARLY AVERAGE
135.7622 IQD

2016 NOK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 145.7648. Conversely, the yearly low was recorded on January 11, dropping to 121.9744.

This high-to-low spread represents a total annual volatility of 23.7903 IQD. From a start-to-finish perspective, comparing the January average rate of 123.9512 to the December average rate of 137.2124, the exchange rate registered a net change of 10.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 145.7648 was down 10.32% compared to the 2015 peak of 162.5465, 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 728,824 IQD
2015 Average 724,359 IQD
Yearly Trough Low 609,872 IQD
Transaction Impact: A difference of 118,951.67 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

144.3645
122.0955
JanuMarcMayJulySeptNove

NOK to IQD 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 131.8979, compared to 139.6265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.7286 points.

H1 Avg (Jan–Jun) 131.8979
H2 Avg (Jul–Dec) 139.6265

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 9.4095 IQD (High: 145.7439 / Low: 136.3344). On the other end, February was the most stable month, with a tight range of 2.5485 IQD (High: 127.5157 / Low: 124.9672).

June Spread (Volatile) ±9.4095
February Spread (Stable) ±2.5485

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 4.6696 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -4.6696

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 142.5087) against the same month in 2015 (average: 141.9226), the exchange rate shifted by +0.5861 (+0.41%).

2016 Avg (October) 142.5087
2015 Avg (October) 141.9226

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 126.1366 121.9744 123.9512
February 127.5157 124.9672 126.5044
March 131.3610 125.5985 128.5765
April 137.3146 130.6489 133.2304
May 142.4671 133.9769 137.8686
June 145.7439 136.3344 141.2563
July 140.5707 136.3804 137.9875
August 142.7564 137.1284 140.3900
September 145.4722 139.4610 141.8213
October 145.7648 140.7596 142.5087
November 142.1538 134.1650 137.8392
December 140.2509 135.3301 137.2124