YEARLY HIGH
6977.4314 IRR
YEARLY LOW
3569.2699 IRR
YEARLY AVERAGE
4493.5848 IRR

2020 NOK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 6977.4314. Conversely, the yearly low was recorded on March 20, dropping to 3569.2699.

This high-to-low spread represents a total annual volatility of 3408.1615 IRR. From a start-to-finish perspective, comparing the January average rate of 4708.6772 to the December average rate of 4838.3330, the exchange rate registered a net change of 2.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 6977.4314 was up 37.54% compared to the 2019 peak of 5072.9053, 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 34,887,157 IRR
2019 Average 23,970,960 IRR
Yearly Trough Low 17,846,350 IRR
Transaction Impact: A difference of 17,040,807.46 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

4918.0566
3961.3732
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 4332.2665, compared to 4654.9031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 322.6365 points.

H1 Avg (Jan–Jun) 4332.2665
H2 Avg (Jul–Dec) 4654.9031

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 2558.6147 IRR (High: 6977.4314 / Low: 4418.8167). On the other end, February was the most stable month, with a tight range of 98.5782 IRR (High: 4577.6315 / Low: 4479.0533).

July Spread (Volatile) ±2558.6147
February Spread (Stable) ±98.5782

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 411.3831 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -411.3831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2020: 4611.0308) against the same month in 2019 (average: 4886.6072), the exchange rate shifted by -275.5764 (-5.64%).

2020 Avg (July) 4611.0308
2019 Avg (July) 4886.6072

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4798.4218 4577.6315 4708.6772
February 4577.6315 4479.0533 4533.1730
March 4552.2425 3569.2699 4121.7899
April 4126.8286 3902.3328 4041.0968
May 4332.6816 4034.4662 4175.0829
June 4554.8725 4330.6731 4413.7794
July 6977.4314 4418.8167 4611.0308
August 4823.5473 4611.3090 4706.4043
September 4811.2868 4400.9512 4603.6197
October 4607.9091 4417.5775 4530.5366
November 4772.2804 4398.0523 4639.4938
December 4933.0064 4763.7069 4838.3330