2016 NOK to PHP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NOK to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NOK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 6.0541. Conversely, the yearly low was recorded on January 6, dropping to 5.2599.
This high-to-low spread represents a total annual volatility of 0.7941 PHP. From a start-to-finish perspective, comparing the January average rate of 5.3940 to the December average rate of 5.8078, the exchange rate registered a net change of 7.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 6.0541 was down 0.31% compared to the 2015 peak of 6.0726, 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 2016.
NOK to PHP 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 5.5576, compared to 5.7554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1978 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was September, with a trading range of 0.4509 PHP (High: 6.0511 / Low: 5.6002). On the other end, March was the most stable month, with a tight range of 0.0971 PHP (High: 5.5490 / Low: 5.4520).
Growth Streaks & Declines
TrendsBetween July and October, 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 0.0879 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2016: 5.9231) against the same month in 2015 (average: 5.6042), the exchange rate shifted by +0.3188 (+5.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.5400 | 5.2599 | 5.3940 |
| February | 5.5771 | 5.4629 | 5.5335 |
| March | 5.5490 | 5.4520 | 5.5023 |
| April | 5.8299 | 5.5387 | 5.6347 |
| May | 5.8567 | 5.5875 | 5.6846 |
| June | 5.6878 | 5.5117 | 5.5968 |
| July | 5.6474 | 5.5015 | 5.5562 |
| August | 5.6738 | 5.5173 | 5.6127 |
| September | 6.0511 | 5.6002 | 5.7873 |
| October | 6.0541 | 5.8245 | 5.9231 |
| November | 5.9515 | 5.7774 | 5.8456 |
| December | 5.9380 | 5.7158 | 5.8078 |