2018 NOK to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NOK to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NOK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 8.0751. Conversely, the yearly low was recorded on August 15, dropping to 6.9044.
This high-to-low spread represents a total annual volatility of 1.1707 MZN. From a start-to-finish perspective, comparing the January average rate of 7.4739 to the December average rate of 7.0659, the exchange rate registered a net change of -5.46% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 8.0751 was down 5.99% compared to the 2017 peak of 8.5898, 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 2018.
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 7.6208, compared to 7.2010 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4198 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 0.6073 MZN (High: 7.8054 / Low: 7.1980). On the other end, June was the most stable month, with a tight range of 0.1810 MZN (High: 7.4455 / Low: 7.2644).
Growth Streaks & Declines
TrendsBetween 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 April and May, when the average rate fell by 0.3017 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2018: 7.9657) against the same month in 2017 (average: 8.1357), the exchange rate shifted by -0.1700 (-2.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8054 | 7.1980 | 7.4739 |
| February | 7.9573 | 7.5990 | 7.7767 |
| March | 8.0751 | 7.7766 | 7.9657 |
| April | 7.8717 | 7.4550 | 7.7355 |
| May | 7.5388 | 7.2415 | 7.4338 |
| June | 7.4455 | 7.2644 | 7.3392 |
| July | 7.4490 | 7.1047 | 7.2566 |
| August | 7.1766 | 6.9044 | 7.0380 |
| September | 7.5104 | 7.1240 | 7.3265 |
| October | 7.4461 | 7.1920 | 7.3372 |
| November | 7.3129 | 7.0369 | 7.1818 |
| December | 7.2081 | 6.9387 | 7.0659 |