YEARLY HIGH
0.4566 QAR
YEARLY LOW
0.4070 QAR
YEARLY AVERAGE
0.4338 QAR

2016 NOK to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.4566. Conversely, the yearly low was recorded on January 6, dropping to 0.4070.

This high-to-low spread represents a total annual volatility of 0.0496 QAR. From a start-to-finish perspective, comparing the January average rate of 0.4134 to the December average rate of 0.4248, the exchange rate registered a net change of 2.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4566 was down 8.22% compared to the 2015 peak of 0.4975, 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 2,283 QAR
2015 Average 2,262 QAR
Yearly Trough Low 2,035 QAR
Transaction Impact: A difference of 247.86 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4494
0.4101
JanuMarcMayJulySeptNove

NOK to QAR 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 0.4317, compared to 0.4359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.4317
H2 Avg (Jul–Dec) 0.4359

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0233 QAR (High: 0.4465 / Low: 0.4232). On the other end, February was the most stable month, with a tight range of 0.0086 QAR (High: 0.4265 / Low: 0.4180).

November Spread (Volatile) ±0.0233
February Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0137 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.4461) against the same month in 2015 (average: 0.4403), the exchange rate shifted by +0.0058 (+1.31%).

2016 Avg (October) 0.4461
2015 Avg (October) 0.4403

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4219 0.4070 0.4134
February 0.4265 0.4180 0.4232
March 0.4394 0.4202 0.4301
April 0.4515 0.4370 0.4426
May 0.4536 0.4350 0.4420
June 0.4489 0.4262 0.4386
July 0.4385 0.4248 0.4301
August 0.4456 0.4279 0.4385
September 0.4556 0.4369 0.4433
October 0.4566 0.4399 0.4461
November 0.4465 0.4232 0.4325
December 0.4355 0.4178 0.4248