2021 NOK to TRY Historical Review

YEARLY HIGH

1.8415 TRY

YEARLY LOW

0.8208 TRY

YEARLY AVERAGE

1.0303 TRY

2021 NOK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.8415. Conversely, the yearly low was recorded on February 17, dropping to 0.8208.

This high-to-low spread represents a total annual volatility of 1.0206 TRY. From a start-to-finish perspective, comparing the January average rate of 0.8684 to the December average rate of 1.4990, the exchange rate registered a net change of 72.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8415 was up 97.93% compared to the 2020 peak of 0.9303, 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 9,207 TRY

2020 Average 3,747 TRY

Yearly Trough Low 4,104 TRY

Transaction Impact: A difference of 5,103.06 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.5654

0.7686

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 0.9358, compared to 1.1248 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1890 points.

H1 Avg (Jan–Jun) 0.9358

H2 Avg (Jul–Dec) 1.1248

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.6340 TRY (High: 1.8415 / Low: 1.2074). On the other end, May was the most stable month, with a tight range of 0.0340 TRY (High: 1.0280 / Low: 0.9940).

December Spread (Volatile) ±0.6340

May Spread (Stable) ±0.0340

Growth Streaks & Declines

Trends

Between February and June, 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 June and July, when the average rate fell by 0.0443 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0443

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.4990) against the same month in 2020 (average: 0.8850), the exchange rate shifted by +0.6140 (+69.39%).

2021 Avg (December) 1.4990

2020 Avg (December) 0.8850

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8824	0.8467	0.8684
February	0.8633	0.8208	0.8350
March	0.9745	0.8449	0.9025
April	1.0135	0.9527	0.9748
May	1.0280	0.9940	1.0099
June	1.0446	1.0044	1.0243
July	1.0118	0.9527	0.9800
August	0.9748	0.9405	0.9577
September	1.0355	0.9542	0.9896
October	1.1633	1.0265	1.0920
November	1.4916	1.1268	1.2308
December	1.8415	1.2074	1.4990