YEARLY HIGH
15.9784 JMD
YEARLY LOW
13.4294 JMD
YEARLY AVERAGE
14.9044 JMD

2016 NOK to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 15.9784. Conversely, the yearly low was recorded on January 6, dropping to 13.4294.

This high-to-low spread represents a total annual volatility of 2.5490 JMD. From a start-to-finish perspective, comparing the January average rate of 13.6732 to the December average rate of 15.0393, the exchange rate registered a net change of 9.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 15.9784 was up 1.03% compared to the 2015 peak of 15.8162, 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 79,892 JMD
2015 Average 72,509 JMD
Yearly Trough Low 67,147 JMD
Transaction Impact: A difference of 12,744.98 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

15.9173
13.4692
JanuMarcMayJulySeptNove

NOK to JMD 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 14.5084, compared to 15.3004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7920 points.

H1 Avg (Jan–Jun) 14.5084
H2 Avg (Jul–Dec) 15.3004

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.8130 JMD (High: 15.8216 / Low: 15.0086). On the other end, February was the most stable month, with a tight range of 0.3089 JMD (High: 14.2128 / Low: 13.9039).

November Spread (Volatile) ±0.8130
February Spread (Stable) ±0.3089

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 0.3741 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.3741

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 15.7133) against the same month in 2015 (average: 14.4158), the exchange rate shifted by +1.2975 (+9.00%).

2016 Avg (October) 15.7133
2015 Avg (October) 14.4158

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 13.9965 13.4294 13.6732
February 14.2128 13.9039 14.0867
March 14.6770 13.9994 14.3522
April 15.2550 14.6067 14.8268
May 15.3021 14.9055 15.0159
June 15.4145 14.6637 15.0954
July 15.2028 14.7436 14.9381
August 15.5259 14.8991 15.2650
September 15.9490 15.2507 15.5074
October 15.9784 15.5671 15.7133
November 15.8216 15.0086 15.3392
December 15.3791 14.7742 15.0393