2017 NOK to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NOK to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NOK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 8.5898. Conversely, the yearly low was recorded on June 21, dropping to 6.9773.
This high-to-low spread represents a total annual volatility of 1.6126 MZN. From a start-to-finish perspective, comparing the January average rate of 8.3585 to the December average rate of 7.1878, the exchange rate registered a net change of -14.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 8.5898 was down 12.70% compared to the 2016 peak of 9.8395, 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 MZN 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 8.0024, compared to 7.5486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4538 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was June, with a trading range of 1.4532 MZN (High: 8.4305 / Low: 6.9773). On the other end, November was the most stable month, with a tight range of 0.1918 MZN (High: 7.5054 / Low: 7.3135).
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 May and June, when the average rate fell by 0.5892 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2017: 8.4375) against the same month in 2016 (average: 5.6130), the exchange rate shifted by +2.8245 (+50.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.5498 | 8.2419 | 8.3585 |
| February | 8.5898 | 8.2924 | 8.4375 |
| March | 8.3709 | 7.9735 | 8.1357 |
| April | 7.9735 | 7.6097 | 7.7020 |
| May | 8.5117 | 7.3719 | 7.9850 |
| June | 8.4305 | 6.9773 | 7.3958 |
| July | 7.7328 | 7.1051 | 7.4259 |
| August | 7.9049 | 7.6682 | 7.7479 |
| September | 7.9504 | 7.7423 | 7.8570 |
| October | 7.7840 | 7.4529 | 7.6354 |
| November | 7.5054 | 7.3135 | 7.4378 |
| December | 7.3789 | 7.0382 | 7.1878 |