2016 NOK to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NOK to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NOK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 295.2131. Conversely, the yearly low was recorded on January 6, dropping to 222.6575.
This high-to-low spread represents a total annual volatility of 72.5556 MNT. From a start-to-finish perspective, comparing the January average rate of 226.6706 to the December average rate of 288.9574, the exchange rate registered a net change of 27.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 295.2131 was up 11.26% compared to the 2015 peak of 265.3259, 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 MNT 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 237.9321, compared to 272.2248 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.2927 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was August, with a trading range of 31.8057 MNT (High: 275.3029 / Low: 243.4972). On the other end, February was the most stable month, with a tight range of 5.6573 MNT (High: 236.1597 / Low: 230.5023).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 6.8023 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 288.9574) against the same month in 2015 (average: 229.4865), the exchange rate shifted by +59.4709 (+25.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 232.0800 | 222.6575 | 226.6706 |
| February | 236.1597 | 230.5023 | 234.5701 |
| March | 246.7606 | 234.3975 | 241.2381 |
| April | 249.5131 | 241.0800 | 244.5777 |
| May | 250.6946 | 238.2199 | 243.6693 |
| June | 244.7324 | 227.1269 | 236.8670 |
| July | 244.2555 | 235.7882 | 238.4958 |
| August | 275.3029 | 243.4972 | 262.6654 |
| September | 285.5438 | 264.4525 | 272.3727 |
| October | 286.6968 | 276.4123 | 282.4136 |
| November | 294.0578 | 281.9595 | 288.4441 |
| December | 295.2131 | 285.0747 | 288.9574 |