YEARLY HIGH
3769.6954 IRR
YEARLY LOW
3353.7780 IRR
YEARLY AVERAGE
3591.2321 IRR

2016 NOK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 3769.6954. Conversely, the yearly low was recorded on January 6, dropping to 3353.7780.

This high-to-low spread represents a total annual volatility of 415.9174 IRR. From a start-to-finish perspective, comparing the January average rate of 3405.3662 to the December average rate of 3508.9385, the exchange rate registered a net change of 3.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 3769.6954 was down 2.65% compared to the 2015 peak of 3872.4983, 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 18,848,477 IRR
2015 Average 17,965,049 IRR
Yearly Trough Low 16,768,890 IRR
Transaction Impact: A difference of 2,079,586.79 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

3711.9840
3377.4918
JanuMarcMayJulySeptNove

NOK to IRR 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 3581.1773, compared to 3601.2868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.1094 points.

H1 Avg (Jan–Jun) 3581.1773
H2 Avg (Jul–Dec) 3601.2868

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 189.4267 IRR (High: 3685.8278 / Low: 3496.4012). On the other end, February was the most stable month, with a tight range of 94.0465 IRR (High: 3536.7723 / Low: 3442.7258).

November Spread (Volatile) ±189.4267
February Spread (Stable) ±94.0465

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 111.8871 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -111.8871

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 3684.1097) against the same month in 2015 (average: 3624.2004), the exchange rate shifted by +59.9092 (+1.65%).

2016 Avg (October) 3684.1097
2015 Avg (October) 3624.2004

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3475.8695 3353.7780 3405.3662
February 3536.7723 3442.7258 3506.6339
March 3647.4074 3485.7900 3569.9022
April 3752.4959 3627.5761 3675.6140
May 3769.0153 3621.2685 3675.7783
June 3739.1944 3556.9095 3653.7696
July 3663.0683 3508.6166 3559.9255
August 3680.5060 3534.2601 3621.1009
September 3761.5455 3609.5522 3661.4236
October 3769.6954 3633.2884 3684.1097
November 3685.8278 3496.4012 3572.2226
December 3596.5492 3451.3708 3508.9385