2017 NOK to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NOK to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NOK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 316.0587. Conversely, the yearly low was recorded on June 20, dropping to 275.3392.
This high-to-low spread represents a total annual volatility of 40.7196 MNT. From a start-to-finish perspective, comparing the January average rate of 293.5069 to the December average rate of 292.5288, the exchange rate registered a net change of -0.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 316.0587 was up 7.06% compared to the 2016 peak of 295.2131, 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 2017.
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 287.2428, compared to 302.3243 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.0815 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 28.5505 MNT (High: 309.3509 / Low: 280.8004). On the other end, February was the most stable month, with a tight range of 6.0701 MNT (High: 300.4091 / Low: 294.3389).
Growth Streaks & Declines
TrendsBetween June and September, 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 February and March, when the average rate fell by 7.9754 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 312.3691) against the same month in 2016 (average: 272.3727), the exchange rate shifted by +39.9965 (+14.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 298.3840 | 287.0336 | 293.5069 |
| February | 300.4091 | 294.3389 | 296.7105 |
| March | 293.4329 | 284.7150 | 288.7352 |
| April | 284.7118 | 278.5485 | 281.3192 |
| May | 289.2148 | 277.1746 | 283.4525 |
| June | 284.0474 | 275.3392 | 279.7324 |
| July | 309.3509 | 280.8004 | 293.9289 |
| August | 314.2755 | 305.7523 | 309.1841 |
| September | 316.0587 | 308.8041 | 312.3691 |
| October | 311.3207 | 299.7115 | 306.8202 |
| November | 301.5067 | 293.2356 | 299.1143 |
| December | 295.2930 | 288.3501 | 292.5288 |