2017 NOK to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NOK to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NOK to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 74.9577. Conversely, the yearly low was recorded on December 20, dropping to 65.6945.
This high-to-low spread represents a total annual volatility of 9.2632 XOF. From a start-to-finish perspective, comparing the January average rate of 73.1196 to the December average rate of 66.6496, the exchange rate registered a net change of -8.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 74.9577 was up 1.61% compared to the 2016 peak of 73.7718, 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 2017.
NOK to XOF 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 71.6664, compared to 69.2049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4615 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 3.1905 XOF (High: 69.4525 / Low: 66.2621). On the other end, June was the most stable month, with a tight range of 0.8221 XOF (High: 69.5158 / Low: 68.6937).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.8161 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2017: 74.1749) against the same month in 2016 (average: 69.1378), the exchange rate shifted by +5.0371 (+7.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.2808 | 72.3309 | 73.1196 |
| February | 74.9577 | 73.5280 | 74.1749 |
| March | 73.9558 | 71.3019 | 72.3588 |
| April | 72.2148 | 70.1831 | 71.3093 |
| May | 70.2512 | 69.0412 | 69.8653 |
| June | 69.5158 | 68.6937 | 69.1707 |
| July | 70.8244 | 68.8648 | 69.8667 |
| August | 71.0166 | 69.9063 | 70.3563 |
| September | 70.9418 | 69.7248 | 70.3001 |
| October | 70.3911 | 68.8693 | 69.7916 |
| November | 69.4525 | 66.2621 | 68.2653 |
| December | 67.2266 | 65.6945 | 66.6496 |