2021 NOK to SGD Historical Review

YEARLY HIGH

0.1621 SGD

YEARLY LOW

0.1494 SGD

YEARLY AVERAGE

0.1563 SGD

2021 NOK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 16, valuing the pair at 0.1621. Conversely, the yearly low was recorded on December 4, dropping to 0.1494.

This high-to-low spread represents a total annual volatility of 0.0127 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1556 to the December average rate of 0.1520, the exchange rate registered a net change of -2.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1621 was up 4.02% compared to the 2020 peak of 0.1559, 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 811 SGD

2020 Average 734 SGD

Yearly Trough Low 747 SGD

Transaction Impact: A difference of 63.51 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1608

0.1512

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 0.1577, compared to 0.1549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.1577

H2 Avg (Jul–Dec) 0.1549

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0093 SGD (High: 0.1601 / Low: 0.1508). On the other end, September was the most stable month, with a tight range of 0.0034 SGD (High: 0.1579 / Low: 0.1545).

November Spread (Volatile) ±0.0093

September Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 0.0047 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.1600) against the same month in 2020 (average: 0.1406), the exchange rate shifted by +0.0194 (+13.79%).

2021 Avg (May) 0.1600

2020 Avg (May) 0.1406

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1574	0.1531	0.1556
February	0.1576	0.1539	0.1561
March	0.1596	0.1552	0.1575
April	0.1620	0.1577	0.1590
May	0.1621	0.1580	0.1600
June	0.1601	0.1550	0.1582
July	0.1571	0.1518	0.1544
August	0.1551	0.1508	0.1530
September	0.1579	0.1545	0.1556
October	0.1615	0.1572	0.1596
November	0.1601	0.1508	0.1549
December	0.1539	0.1494	0.1520