2021 NOK to MXN Historical Review

YEARLY HIGH

2.5183 MXN

YEARLY LOW

2.2323 MXN

YEARLY AVERAGE

2.3599 MXN

2021 NOK to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 2.5183. Conversely, the yearly low was recorded on August 19, dropping to 2.2323.

This high-to-low spread represents a total annual volatility of 0.2860 MXN. From a start-to-finish perspective, comparing the January average rate of 2.3433 to the December average rate of 2.3288, the exchange rate registered a net change of -0.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.5183 was up 0.30% compared to the 2020 peak of 2.5107, 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 12,591 MXN

2020 Average 11,408 MXN

Yearly Trough Low 11,161 MXN

Transaction Impact: A difference of 1,430.02 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.4527

2.2515

JanuMarcMayJulySeptNove

NOK to MXN 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 2.3894, compared to 2.3305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0589 points.

H1 Avg (Jan–Jun) 2.3894

H2 Avg (Jul–Dec) 2.3305

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1405 MXN (High: 2.4760 / Low: 2.3355). On the other end, May was the most stable month, with a tight range of 0.0605 MXN (High: 2.4360 / Low: 2.3755).

November Spread (Volatile) ±0.1405

May Spread (Stable) ±0.0605

Growth Streaks & Declines

Trends

Between January and March, 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 0.1024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 2.4359) against the same month in 2020 (average: 2.1727), the exchange rate shifted by +0.2632 (+12.11%).

2021 Avg (March) 2.4359

2020 Avg (March) 2.1727

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4055	2.2913	2.3433
February	2.4597	2.3413	2.3869
March	2.5183	2.3854	2.4359
April	2.4480	2.3713	2.3895
May	2.4360	2.3755	2.4043
June	2.4084	2.3150	2.3766
July	2.3193	2.2367	2.2742
August	2.3225	2.2323	2.2683
September	2.3571	2.2894	2.3126
October	2.4461	2.3692	2.4159
November	2.4760	2.3355	2.3831
December	2.3603	2.2919	2.3288