2020 NOK to ZAR Historical Review

YEARLY HIGH

1.9801 ZAR

YEARLY LOW

1.4956 ZAR

YEARLY AVERAGE

1.7486 ZAR

2020 NOK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 17, valuing the pair at 1.9801. Conversely, the yearly low was recorded on March 21, dropping to 1.4956.

This high-to-low spread represents a total annual volatility of 0.4845 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.6108 to the December average rate of 1.7085, the exchange rate registered a net change of 6.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.9801 was up 14.17% compared to the 2019 peak of 1.7343, 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 9,901 ZAR

2019 Average 8,211 ZAR

Yearly Trough Low 7,478 ZAR

Transaction Impact: A difference of 2,422.35 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.9561

1.5794

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 1.7068, compared to 1.7904 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0836 points.

H1 Avg (Jan–Jun) 1.7068

H2 Avg (Jul–Dec) 1.7904

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2156 ZAR (High: 1.7113 / Low: 1.4956). On the other end, January was the most stable month, with a tight range of 0.0378 ZAR (High: 1.6302 / Low: 1.5924).

March Spread (Volatile) ±0.2156

January Spread (Stable) ±0.0378

Growth Streaks & Declines

Trends

Between January and May, 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 August and September, when the average rate fell by 0.0968 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0968

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 1.9247) against the same month in 2019 (average: 1.6931), the exchange rate shifted by +0.2316 (+13.68%).

2020 Avg (August) 1.9247

2019 Avg (August) 1.6931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6302	1.5924	1.6108
February	1.6676	1.6018	1.6206
March	1.7113	1.4956	1.6283
April	1.8280	1.7462	1.7871
May	1.8379	1.7547	1.7997
June	1.8274	1.7706	1.7943
July	1.8742	1.7782	1.8031
August	1.9801	1.8718	1.9247
September	1.9005	1.7838	1.8279
October	1.8066	1.7077	1.7686
November	1.7380	1.6911	1.7096
December	1.7381	1.6814	1.7085