YEARLY HIGH
6.7098 NOK
YEARLY LOW
6.1631 NOK
YEARLY AVERAGE
6.3995 NOK

2021 BND to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BND to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 6.7098. Conversely, the yearly low was recorded on May 16, dropping to 6.1631.

This high-to-low spread represents a total annual volatility of 0.5467 NOK. From a start-to-finish perspective, comparing the January average rate of 6.4232 to the December average rate of 6.5815, the exchange rate registered a net change of 2.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 6.7098 was down 17.88% compared to the 2020 peak of 8.1704, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,549 NOK
2020 Average 34,119 NOK
Yearly Trough Low 30,816 NOK
Transaction Impact: A difference of 2,733.54 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

6.6147
6.2155
JanuMarcMayJulySeptNove

BND 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 6.3410, compared to 6.4581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1171 points.

H1 Avg (Jan–Jun) 6.3410
H2 Avg (Jul–Dec) 6.4581

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.3766 NOK (High: 6.6228 / Low: 6.2462). On the other end, September was the most stable month, with a tight range of 0.1439 NOK (High: 6.4790 / Low: 6.3351).

November Spread (Volatile) ±0.3766
September Spread (Stable) ±0.1439

Growth Streaks & Declines

Trends

Between May and August, 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 September and October, when the average rate fell by 0.1620 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1620

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 6.5815) against the same month in 2020 (average: 6.5319), the exchange rate shifted by +0.0495 (+0.76%).

2021 Avg (December) 6.5815
2020 Avg (December) 6.5319

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.5300 6.3459 6.4232
February 6.5703 6.3395 6.4086
March 6.4501 6.2357 6.3536
April 6.3542 6.1643 6.2872
May 6.3268 6.1631 6.2488
June 6.4646 6.2433 6.3244
July 6.5857 6.3701 6.4794
August 6.6382 6.4445 6.5351
September 6.4790 6.3351 6.4294
October 6.3576 6.1866 6.2674
November 6.6228 6.2462 6.4557
December 6.7098 6.4792 6.5815