2011 NOK to ZAR Historical Review

YEARLY HIGH

1.4564 ZAR

YEARLY LOW

1.1343 ZAR

YEARLY AVERAGE

1.2945 ZAR

2011 NOK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NOK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 1.4564. Conversely, the yearly low was recorded on January 3, dropping to 1.1343.

This high-to-low spread represents a total annual volatility of 0.3221 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.1833 to the December average rate of 1.3908, the exchange rate registered a net change of 17.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.4564 was up 10.44% compared to the 2010 peak of 1.3187, 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 7,282 ZAR

2010 Average 6,058 ZAR

Yearly Trough Low 5,672 ZAR

Transaction Impact: A difference of 1,610.45 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4421

1.1598

JanuMarcMayJulySeptNove

NOK to ZAR 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 1.2369, compared to 1.3520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1151 points.

H1 Avg (Jan–Jun) 1.2369

H2 Avg (Jul–Dec) 1.3520

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1299 ZAR (High: 1.4277 / Low: 1.2978). On the other end, July was the most stable month, with a tight range of 0.0251 ZAR (High: 1.2582 / Low: 1.2330).

September Spread (Volatile) ±0.1299

July Spread (Stable) ±0.0251

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0277 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0277

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 1.4186) against the same month in 2010 (average: 1.1691), the exchange rate shifted by +0.2494 (+21.33%).

2011 Avg (November) 1.4186

2010 Avg (November) 1.1691

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2425	1.1343	1.1833
February	1.2660	1.2386	1.2540
March	1.2579	1.2214	1.2363
April	1.2701	1.2200	1.2456
May	1.2758	1.2232	1.2540
June	1.2662	1.2219	1.2483
July	1.2582	1.2330	1.2456
August	1.3349	1.2472	1.3037
September	1.4277	1.2978	1.3452
October	1.4522	1.3635	1.4079
November	1.4564	1.3986	1.4186
December	1.4213	1.3525	1.3908