2020 NOK to TRY Historical Review

YEARLY HIGH

0.9303 TRY

YEARLY LOW

0.5555 TRY

YEARLY AVERAGE

0.7491 TRY

2020 NOK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 0.9303. Conversely, the yearly low was recorded on March 21, dropping to 0.5555.

This high-to-low spread represents a total annual volatility of 0.3749 TRY. From a start-to-finish perspective, comparing the January average rate of 0.6626 to the December average rate of 0.8850, the exchange rate registered a net change of 33.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9303 was up 32.19% compared to the 2019 peak of 0.7038, 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 4,652 TRY

2019 Average 3,230 TRY

Yearly Trough Low 2,777 TRY

Transaction Impact: A difference of 1,874.42 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9115

0.5934

JanuMarcMayJulySeptNove

NOK to TRY 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 0.6656, compared to 0.8326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1669 points.

H1 Avg (Jan–Jun) 0.6656

H2 Avg (Jul–Dec) 0.8326

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1090 TRY (High: 0.6645 / Low: 0.5555). On the other end, February was the most stable month, with a tight range of 0.0206 TRY (High: 0.6644 / Low: 0.6438).

March Spread (Volatile) ±0.1090

February Spread (Stable) ±0.0206

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0331 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 0.8773) against the same month in 2019 (average: 0.6278), the exchange rate shifted by +0.2495 (+39.75%).

2020 Avg (November) 0.8773

2019 Avg (November) 0.6278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6789	0.6498	0.6626
February	0.6644	0.6438	0.6530
March	0.6645	0.5555	0.6199
April	0.6816	0.6350	0.6575
May	0.7018	0.6727	0.6863
June	0.7334	0.7040	0.7145
July	0.7716	0.7192	0.7391
August	0.8429	0.7627	0.8137
September	0.8422	0.8011	0.8251
October	0.8911	0.8328	0.8553
November	0.9303	0.8363	0.8773
December	0.8999	0.8574	0.8850