2021 PEN to NOK Historical Review

YEARLY HIGH

2.3780 NOK

YEARLY LOW

2.0644 NOK

YEARLY AVERAGE

2.2195 NOK

2021 PEN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 2.3780. Conversely, the yearly low was recorded on October 5, dropping to 2.0644.

This high-to-low spread represents a total annual volatility of 0.3136 NOK. From a start-to-finish perspective, comparing the January average rate of 2.3494 to the December average rate of 2.2188, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.3780 was down 29.37% compared to the 2020 peak of 3.3671, 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 11,890 NOK

2020 Average 13,494 NOK

Yearly Trough Low 10,322 NOK

Transaction Impact: A difference of 1,568.16 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.3737

2.0830

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 2.2698, compared to 2.1692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1005 points.

H1 Avg (Jan–Jun) 2.2698

H2 Avg (Jul–Dec) 2.1692

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.2227 NOK (High: 2.3630 / Low: 2.1403). On the other end, September was the most stable month, with a tight range of 0.0426 NOK (High: 2.1277 / Low: 2.0851).

April Spread (Volatile) ±0.2227

September Spread (Stable) ±0.0426

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.0719 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0719

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 2.3494) against the same month in 2020 (average: 2.6894), the exchange rate shifted by -0.3399 (-12.64%).

2021 Avg (January) 2.3494

2020 Avg (January) 2.6894

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3780	2.3171	2.3494
February	2.3740	2.2958	2.3336
March	2.3396	2.2703	2.3001
April	2.3630	2.1403	2.2761
May	2.2837	2.1597	2.2042
June	2.2125	2.1080	2.1552
July	2.2953	2.1676	2.2283
August	2.2497	2.1259	2.1714
September	2.1277	2.0851	2.1086
October	2.1570	2.0644	2.1072
November	2.2518	2.1082	2.1809
December	2.2544	2.1760	2.2188