2020 NOK to SGD Historical Review

YEARLY HIGH

0.1559 SGD

YEARLY LOW

0.1229 SGD

YEARLY AVERAGE

0.1468 SGD

2020 NOK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 0.1559. Conversely, the yearly low was recorded on March 21, dropping to 0.1229.

This high-to-low spread represents a total annual volatility of 0.0330 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1511 to the December average rate of 0.1531, the exchange rate registered a net change of 1.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1559 was down 2.63% compared to the 2019 peak of 0.1601, 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 779 SGD

2019 Average 776 SGD

Yearly Trough Low 614 SGD

Transaction Impact: A difference of 164.86 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1547

0.1350

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 0.1437, compared to 0.1499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.1437

H2 Avg (Jul–Dec) 0.1499

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0267 SGD (High: 0.1496 / Low: 0.1229). On the other end, February was the most stable month, with a tight range of 0.0030 SGD (High: 0.1506 / Low: 0.1476).

March Spread (Volatile) ±0.0267

February Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between April and August, 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 February and March, when the average rate fell by 0.0111 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 0.1530) against the same month in 2019 (average: 0.1545), the exchange rate shifted by -0.0014 (-0.94%).

2020 Avg (August) 0.1530

2019 Avg (August) 0.1545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1534	0.1482	0.1511
February	0.1506	0.1476	0.1496
March	0.1496	0.1229	0.1384
April	0.1393	0.1324	0.1366
May	0.1455	0.1360	0.1406
June	0.1502	0.1433	0.1461
July	0.1522	0.1464	0.1492
August	0.1559	0.1507	0.1530
September	0.1555	0.1440	0.1494
October	0.1485	0.1433	0.1463
November	0.1518	0.1428	0.1484
December	0.1550	0.1513	0.1531