YEARLY HIGH
0.0378 KWD
YEARLY LOW
0.0340 KWD
YEARLY AVERAGE
0.0360 KWD

2016 NOK to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0378. Conversely, the yearly low was recorded on January 6, dropping to 0.0340.

This high-to-low spread represents a total annual volatility of 0.0038 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0345 to the December average rate of 0.0356, the exchange rate registered a net change of 3.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0378 was down 8.20% compared to the 2015 peak of 0.0411, 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 189 KWD
2015 Average 187 KWD
Yearly Trough Low 170 KWD
Transaction Impact: A difference of 18.83 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0373
0.0343
JanuMarcMayJulySeptNove

NOK to KWD 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 0.0358, compared to 0.0362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0358
H2 Avg (Jul–Dec) 0.0362

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0018 KWD (High: 0.0371 / Low: 0.0354). On the other end, February was the most stable month, with a tight range of 0.0007 KWD (High: 0.0352 / Low: 0.0346).

June Spread (Volatile) ±0.0018
February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.0371) against the same month in 2015 (average: 0.0366), the exchange rate shifted by +0.0005 (+1.37%).

2016 Avg (October) 0.0371
2015 Avg (October) 0.0366

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0352 0.0340 0.0345
February 0.0352 0.0346 0.0349
March 0.0364 0.0347 0.0356
April 0.0374 0.0362 0.0367
May 0.0375 0.0361 0.0366
June 0.0371 0.0354 0.0363
July 0.0363 0.0353 0.0357
August 0.0369 0.0355 0.0363
September 0.0377 0.0362 0.0367
October 0.0378 0.0366 0.0371
November 0.0371 0.0354 0.0361
December 0.0365 0.0351 0.0356