YEARLY HIGH
1.9141 MVR
YEARLY LOW
1.7096 MVR
YEARLY AVERAGE
1.8185 MVR

2016 NOK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1.9141. Conversely, the yearly low was recorded on January 6, dropping to 1.7096.

This high-to-low spread represents a total annual volatility of 0.2045 MVR. From a start-to-finish perspective, comparing the January average rate of 1.7375 to the December average rate of 1.7872, the exchange rate registered a net change of 2.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.9141 was down 8.20% compared to the 2015 peak of 2.0851, 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 9,570 MVR
2015 Average 9,498 MVR
Yearly Trough Low 8,548 MVR
Transaction Impact: A difference of 1,022.29 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.8834
1.7243
JanuMarcMayJulySeptNove

NOK to MVR 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 1.8116, compared to 1.8253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0137 points.

H1 Avg (Jan–Jun) 1.8116
H2 Avg (Jul–Dec) 1.8253

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0935 MVR (High: 1.8810 / Low: 1.7874). On the other end, February was the most stable month, with a tight range of 0.0448 MVR (High: 1.7940 / Low: 1.7493).

June Spread (Volatile) ±0.0935
February Spread (Stable) ±0.0448

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 0.0555 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0555

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 1.8702) against the same month in 2015 (average: 1.8528), the exchange rate shifted by +0.0174 (+0.94%).

2016 Avg (October) 1.8702
2015 Avg (October) 1.8528

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.7746 1.7096 1.7375
February 1.7940 1.7493 1.7778
March 1.8447 1.7658 1.8028
April 1.8966 1.8084 1.8544
May 1.9066 1.8228 1.8566
June 1.8810 1.7874 1.8407
July 1.8324 1.7716 1.7935
August 1.8612 1.7745 1.8287
September 1.9099 1.8271 1.8577
October 1.9141 1.8395 1.8702
November 1.8707 1.7778 1.8147
December 1.8278 1.7523 1.7872