2016 NOK to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
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.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
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)
SeasonalThe 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |