YEARLY HIGH
0.1712 SGD
YEARLY LOW
0.1580 SGD
YEARLY AVERAGE
0.1644 SGD

2016 NOK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 0.1712. Conversely, the yearly low was recorded on July 9, dropping to 0.1580.

This high-to-low spread represents a total annual volatility of 0.0132 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1625 to the December average rate of 0.1676, the exchange rate registered a net change of 3.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1712 was down 5.21% compared to the 2015 peak of 0.1806, 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 856 SGD
2015 Average 853 SGD
Yearly Trough Low 790 SGD
Transaction Impact: A difference of 65.99 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1704
0.1584
JanuMarcMayJulySeptNove

NOK to SGD 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 0.1636, compared to 0.1653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.1636
H2 Avg (Jul–Dec) 0.1653

Volatility Range Comparison

Volatility

The most volatile month in 2016 was September, with a trading range of 0.0073 SGD (High: 0.1705 / Low: 0.1632). On the other end, March was the most stable month, with a tight range of 0.0020 SGD (High: 0.1632 / Low: 0.1612).

September Spread (Volatile) ±0.0073
March Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 0.0037 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.1694) against the same month in 2015 (average: 0.1695), the exchange rate shifted by -0.0001 (-0.03%).

2016 Avg (October) 0.1694
2015 Avg (October) 0.1695

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1654 0.1598 0.1625
February 0.1648 0.1617 0.1633
March 0.1632 0.1612 0.1620
April 0.1667 0.1621 0.1642
May 0.1685 0.1647 0.1664
June 0.1665 0.1593 0.1631
July 0.1621 0.1580 0.1594
August 0.1648 0.1582 0.1623
September 0.1705 0.1632 0.1655
October 0.1712 0.1679 0.1694
November 0.1698 0.1659 0.1676
December 0.1695 0.1659 0.1676