2021 NOK to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NOK to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NOK to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 4.0111. Conversely, the yearly low was recorded on January 27, dropping to 3.4617.
This high-to-low spread represents a total annual volatility of 0.5494 THB. From a start-to-finish perspective, comparing the January average rate of 3.5219 to the December average rate of 3.7393, the exchange rate registered a net change of 6.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 4.0111 was up 12.76% compared to the 2020 peak of 3.5571, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
NOK to THB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.6469, compared to 3.7909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1440 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.2806 THB (High: 3.9547 / Low: 3.6741). On the other end, May was the most stable month, with a tight range of 0.0844 THB (High: 3.8146 / Low: 3.7303).
Growth Streaks & Declines
TrendsBetween 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 0.1756 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2021: 3.9537) against the same month in 2020 (average: 3.3627), the exchange rate shifted by +0.5911 (+17.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.5784 | 3.4617 | 3.5219 |
| February | 3.5887 | 3.4840 | 3.5296 |
| March | 3.6621 | 3.5316 | 3.6100 |
| April | 3.8330 | 3.6596 | 3.7313 |
| May | 3.8146 | 3.7303 | 3.7627 |
| June | 3.7743 | 3.6246 | 3.7261 |
| July | 3.7633 | 3.6464 | 3.7211 |
| August | 3.7847 | 3.6873 | 3.7375 |
| September | 3.9080 | 3.7134 | 3.8157 |
| October | 4.0111 | 3.8910 | 3.9537 |
| November | 3.9547 | 3.6741 | 3.7782 |
| December | 3.8166 | 3.6738 | 3.7393 |