YEARLY HIGH
0.4247 QAR
YEARLY LOW
0.3345 QAR
YEARLY AVERAGE
0.3806 QAR

2022 NOK to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NOK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.4247. Conversely, the yearly low was recorded on October 1, dropping to 0.3345.

This high-to-low spread represents a total annual volatility of 0.0902 QAR. From a start-to-finish perspective, comparing the January average rate of 0.4114 to the December average rate of 0.3693, the exchange rate registered a net change of -10.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.4247 was down 4.65% compared to the 2021 peak of 0.4454, 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 2,123 QAR
2021 Average 2,120 QAR
Yearly Trough Low 1,673 QAR
Transaction Impact: A difference of 450.79 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.4191
0.3380
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 0.3995, compared to 0.3617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0378 points.

H1 Avg (Jan–Jun) 0.3995
H2 Avg (Jul–Dec) 0.3617

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0355 QAR (High: 0.3700 / Low: 0.3345). On the other end, December was the most stable month, with a tight range of 0.0117 QAR (High: 0.3752 / Low: 0.3635).

September Spread (Volatile) ±0.0355
December Spread (Stable) ±0.0117

Growth Streaks & Declines

Trends

Between October and December, 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 0.0295 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 0.4124) against the same month in 2021 (average: 0.4272), the exchange rate shifted by -0.0148 (-3.46%).

2022 Avg (March) 0.4124
2021 Avg (March) 0.4272

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4201 0.4048 0.4114
February 0.4174 0.4050 0.4106
March 0.4247 0.4025 0.4124
April 0.4181 0.3869 0.4092
May 0.3941 0.3680 0.3796
June 0.3887 0.3640 0.3740
July 0.3770 0.3572 0.3663
August 0.3826 0.3657 0.3743
September 0.3700 0.3345 0.3553
October 0.3559 0.3345 0.3447
November 0.3704 0.3441 0.3604
December 0.3752 0.3635 0.3693