2014 PEN to NOK Historical Review

YEARLY HIGH

2.5115 NOK

YEARLY LOW

2.1113 NOK

YEARLY AVERAGE

2.2193 NOK

2014 PEN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.5115. Conversely, the yearly low was recorded on May 7, dropping to 2.1113.

This high-to-low spread represents a total annual volatility of 0.4001 NOK. From a start-to-finish perspective, comparing the January average rate of 2.1907 to the December average rate of 2.4649, the exchange rate registered a net change of 12.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.5115 was up 10.83% compared to the 2013 peak of 2.2660, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PEN based on timing:

Yearly Peak High 12,557 NOK

2013 Average 10,881 NOK

Yearly Trough Low 10,557 NOK

Transaction Impact: A difference of 2,000.73 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.4986

2.0952

JanuMarcMayJulySeptNove

PEN to NOK 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 2.1566, compared to 2.2821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1255 points.

H1 Avg (Jan–Jun) 2.1566

H2 Avg (Jul–Dec) 2.2821

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1332 NOK (High: 2.5115 / Low: 2.3783). On the other end, March was the most stable month, with a tight range of 0.0328 NOK (High: 2.1534 / Low: 2.1206).

December Spread (Volatile) ±0.1332

March Spread (Stable) ±0.0328

Growth Streaks & Declines

Trends

Between August and December, 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 February and March, when the average rate fell by 0.0392 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0392

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.4649) against the same month in 2013 (average: 2.2052), the exchange rate shifted by +0.2597 (+11.78%).

2014 Avg (December) 2.4649

2013 Avg (December) 2.2052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2185	2.1691	2.1907
February	2.2253	2.1458	2.1775
March	2.1534	2.1206	2.1383
April	2.1587	2.1220	2.1423
May	2.1606	2.1113	2.1289
June	2.1926	2.1352	2.1619
July	2.2472	2.1989	2.2232
August	2.2423	2.1723	2.2028
September	2.2458	2.1713	2.2156
October	2.3063	2.2206	2.2540
November	2.4099	2.3018	2.3320
December	2.5115	2.3783	2.4649