2017 SGD to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 SGD to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the SGD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 6.2567. Conversely, the yearly low was recorded on August 27, dropping to 5.7049.
This high-to-low spread represents a total annual volatility of 0.5518 NOK. From a start-to-finish perspective, comparing the January average rate of 5.9207 to the December average rate of 6.1738, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 6.2567 was down 1.17% compared to the 2016 peak of 6.3307, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
SGD to NOK 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 6.0359, compared to 5.9401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0958 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 0.2689 NOK (High: 6.0804 / Low: 5.8115). On the other end, June was the most stable month, with a tight range of 0.0927 NOK (High: 6.1559 / Low: 6.0632).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 0.1622 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 6.1738) against the same month in 2016 (average: 5.9669), the exchange rate shifted by +0.2069 (+3.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.9895 | 5.8230 | 5.9207 |
| February | 5.9706 | 5.8262 | 5.8891 |
| March | 6.1494 | 5.9656 | 6.0525 |
| April | 6.2097 | 6.0977 | 6.1459 |
| May | 6.1979 | 6.0198 | 6.0945 |
| June | 6.1559 | 6.0632 | 6.1126 |
| July | 6.0804 | 5.8115 | 5.9504 |
| August | 5.8392 | 5.7049 | 5.7971 |
| September | 5.8646 | 5.7385 | 5.8015 |
| October | 5.9935 | 5.8401 | 5.8825 |
| November | 6.1684 | 5.9713 | 6.0353 |
| December | 6.2567 | 6.1290 | 6.1738 |