2021 NOK to MVR Historical Review

YEARLY HIGH

1.8906 MVR

YEARLY LOW

1.6821 MVR

YEARLY AVERAGE

1.7958 MVR

2021 NOK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 1.8906. Conversely, the yearly low was recorded on December 4, dropping to 1.6821.

This high-to-low spread represents a total annual volatility of 0.2085 MVR. From a start-to-finish perspective, comparing the January average rate of 1.8077 to the December average rate of 1.7210, the exchange rate registered a net change of -4.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8906 was up 4.79% compared to the 2020 peak of 1.8043, 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 9,453 MVR

2020 Average 8,220 MVR

Yearly Trough Low 8,410 MVR

Transaction Impact: A difference of 1,042.72 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.8693

1.7075

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 1.8263, compared to 1.7654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0610 points.

H1 Avg (Jan–Jun) 1.8263

H2 Avg (Jul–Dec) 1.7654

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1318 MVR (High: 1.8343 / Low: 1.7025). On the other end, September was the most stable month, with a tight range of 0.0418 MVR (High: 1.8033 / Low: 1.7615).

November Spread (Volatile) ±0.1318

September Spread (Stable) ±0.0418

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0750 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0750

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.8407) against the same month in 2020 (average: 1.4799), the exchange rate shifted by +0.3608 (+24.38%).

2021 Avg (April) 1.8407

2020 Avg (April) 1.4799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8337	1.7768	1.8077
February	1.8391	1.7785	1.8110
March	1.8402	1.7845	1.8107
April	1.8906	1.8117	1.8407
May	1.8795	1.8341	1.8558
June	1.8728	1.7814	1.8318
July	1.7983	1.7104	1.7568
August	1.7815	1.7099	1.7453
September	1.8033	1.7615	1.7820
October	1.8589	1.7899	1.8244
November	1.8343	1.7025	1.7627
December	1.7601	1.6821	1.7210