YEARLY HIGH
0.0229 NOK
YEARLY LOW
0.0166 NOK
YEARLY AVERAGE
0.0184 NOK

2020 SYP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the SYP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.0229. Conversely, the yearly low was recorded on December 30, dropping to 0.0166.

This high-to-low spread represents a total annual volatility of 0.0063 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0174 to the December average rate of 0.0170, the exchange rate registered a net change of -2.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0229 was up 27.87% compared to the 2019 peak of 0.0179, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 115 NOK
2019 Average 85 NOK
Yearly Trough Low 83 NOK
Transaction Impact: A difference of 31.35 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0206
0.0166
JanuMarcMayJulySeptNove

SYP 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 0.0190, compared to 0.0177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0190
H2 Avg (Jul–Dec) 0.0177

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0049 NOK (High: 0.0229 / Low: 0.0180). On the other end, February was the most stable month, with a tight range of 0.0004 NOK (High: 0.0183 / Low: 0.0179).

March Spread (Volatile) ±0.0049
February Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0011 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0200) against the same month in 2019 (average: 0.0167), the exchange rate shifted by +0.0033 (+19.57%).

2020 Avg (March) 0.0200
2019 Avg (March) 0.0167

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0179 0.0170 0.0174
February 0.0183 0.0179 0.0180
March 0.0229 0.0180 0.0200
April 0.0210 0.0199 0.0203
May 0.0203 0.0189 0.0197
June 0.0189 0.0180 0.0186
July 0.0186 0.0176 0.0181
August 0.0178 0.0171 0.0175
September 0.0187 0.0171 0.0179
October 0.0186 0.0178 0.0181
November 0.0187 0.0172 0.0177
December 0.0172 0.0166 0.0170