YEARLY HIGH
1.2508 VEF
YEARLY LOW
0.7064 VEF
YEARLY AVERAGE
1.0826 VEF

2016 NOK to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1.2508. Conversely, the yearly low was recorded on January 6, dropping to 0.7064.

This high-to-low spread represents a total annual volatility of 0.5444 VEF. From a start-to-finish perspective, comparing the January average rate of 0.7174 to the December average rate of 1.1653, the exchange rate registered a net change of 62.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2508 was up 44.92% compared to the 2015 peak of 0.8631, 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 6,254 VEF
2015 Average 3,925 VEF
Yearly Trough Low 3,532 VEF
Transaction Impact: A difference of 2,721.98 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.2728
0.6669
JanuMarcMayJulySeptNove

NOK to VEF 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 0.9705, compared to 1.1946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2241 points.

H1 Avg (Jan–Jun) 0.9705
H2 Avg (Jul–Dec) 1.1946

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0625 VEF (High: 1.2225 / Low: 1.1599). On the other end, February was the most stable month, with a tight range of 0.0148 VEF (High: 0.7404 / Low: 0.7256).

November Spread (Volatile) ±0.0625
February Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0373 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0373

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 1.2223) against the same month in 2015 (average: 0.7643), the exchange rate shifted by +0.4581 (+59.94%).

2016 Avg (October) 1.2223
2015 Avg (October) 0.7643

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7324 0.7064 0.7174
February 0.7404 0.7256 0.7344
March 0.7609 0.7293 0.7470
April 1.2369 1.1968 1.2123
May 1.2423 1.1914 1.2107
June 1.2296 1.1672 1.2014
July 1.2019 1.1641 1.1791
August 1.2214 1.1726 1.2014
September 1.2483 1.1970 1.2146
October 1.2508 1.2053 1.2223
November 1.2225 1.1599 1.1851
December 1.1935 1.1458 1.1653