YEARLY HIGH
1.9876 NAD
YEARLY LOW
1.4760 NAD
YEARLY AVERAGE
1.7502 NAD

2020 NOK to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 1.9876. Conversely, the yearly low was recorded on March 18, dropping to 1.4760.

This high-to-low spread represents a total annual volatility of 0.5116 NAD. From a start-to-finish perspective, comparing the January average rate of 1.6053 to the December average rate of 1.7092, the exchange rate registered a net change of 6.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.9876 was down 52.69% compared to the 2019 peak of 4.2016, 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 9,938 NAD
2019 Average 8,244 NAD
Yearly Trough Low 7,380 NAD
Transaction Impact: A difference of 2,557.93 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.9719
1.5720
JanuMarcMayJulySeptNove

NOK to NAD 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 1.7026, compared to 1.7977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0952 points.

H1 Avg (Jan–Jun) 1.7026
H2 Avg (Jul–Dec) 1.7977

Volatility Range Comparison

Volatility

The most volatile month in 2020 was October, with a trading range of 0.2511 NAD (High: 1.9652 / Low: 1.7142). On the other end, February was the most stable month, with a tight range of 0.0386 NAD (High: 1.6389 / Low: 1.6003).

October Spread (Volatile) ±0.2511
February Spread (Stable) ±0.0386

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 August and September, when the average rate fell by 0.1018 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.1018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 1.9386) against the same month in 2019 (average: 1.6861), the exchange rate shifted by +0.2524 (+14.97%).

2020 Avg (August) 1.9386
2019 Avg (August) 1.6861

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.6261 1.5856 1.6053
February 1.6389 1.6003 1.6119
March 1.7076 1.4760 1.6220
April 1.8388 1.7174 1.7806
May 1.8434 1.7587 1.8017
June 1.8240 1.7272 1.7939
July 1.8413 1.7726 1.8008
August 1.9876 1.8183 1.9386
September 1.9826 1.7701 1.8368
October 1.9652 1.7142 1.7887
November 1.7485 1.6910 1.7125
December 1.7422 1.6791 1.7092