2019 NOK to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NOK to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NOK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 1.7343. Conversely, the yearly low was recorded on January 31, dropping to 1.5731.
This high-to-low spread represents a total annual volatility of 0.1612 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.6175 to the December average rate of 1.5960, the exchange rate registered a net change of -1.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 1.7343 was down 5.49% compared to the 2018 peak of 1.8349, 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 2019.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6480, compared to 1.6362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0118 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was October, with a trading range of 0.1005 ZAR (High: 1.6808 / Low: 1.5803). On the other end, December was the most stable month, with a tight range of 0.0250 ZAR (High: 1.6115 / Low: 1.5865).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0566 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2019: 1.6889) against the same month in 2018 (average: 1.6378), the exchange rate shifted by +0.0511 (+3.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6646 | 1.5731 | 1.6175 |
| February | 1.6440 | 1.5765 | 1.6084 |
| March | 1.7009 | 1.6351 | 1.6732 |
| April | 1.6723 | 1.6364 | 1.6509 |
| May | 1.6873 | 1.6258 | 1.6490 |
| June | 1.7343 | 1.6488 | 1.6889 |
| July | 1.6506 | 1.6050 | 1.6323 |
| August | 1.7222 | 1.6435 | 1.6931 |
| September | 1.6733 | 1.6222 | 1.6493 |
| October | 1.6808 | 1.5803 | 1.6282 |
| November | 1.6530 | 1.5891 | 1.6182 |
| December | 1.6115 | 1.5865 | 1.5960 |