2020 NOK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NOK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NOK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 17.0498. Conversely, the yearly low was recorded on March 21, dropping to 11.4486.
This high-to-low spread represents a total annual volatility of 5.6013 JMD. From a start-to-finish perspective, comparing the January average rate of 15.0450 to the December average rate of 16.5157, the exchange rate registered a net change of 9.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 17.0498 was up 5.68% compared to the 2019 peak of 16.1328, 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 2020.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 14.2658, compared to 16.0078 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7420 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 3.2221 JMD (High: 14.6706 / Low: 11.4486). On the other end, December was the most stable month, with a tight range of 0.4743 JMD (High: 16.7144 / Low: 16.2400).
Growth Streaks & Declines
TrendsBetween 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 1.8242 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 16.6612) against the same month in 2019 (average: 15.0540), the exchange rate shifted by +1.6073 (+10.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.4518 | 14.8203 | 15.0450 |
| February | 15.3095 | 14.6002 | 15.0559 |
| March | 14.6706 | 11.4486 | 13.2317 |
| April | 13.8075 | 12.6560 | 13.2010 |
| May | 14.8109 | 13.4788 | 14.3065 |
| June | 15.4411 | 14.3315 | 14.7550 |
| July | 16.3050 | 14.5892 | 15.4015 |
| August | 17.0498 | 16.1424 | 16.6612 |
| September | 16.9387 | 14.7970 | 15.7330 |
| October | 15.8166 | 15.1625 | 15.5434 |
| November | 16.6631 | 15.1805 | 16.1922 |
| December | 16.7144 | 16.2400 | 16.5157 |