YEARLY HIGH
1.3329 NOK
YEARLY LOW
1.1840 NOK
YEARLY AVERAGE
1.2456 NOK

2021 BOB to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BOB to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 1.3329. Conversely, the yearly low was recorded on April 28, dropping to 1.1840.

This high-to-low spread represents a total annual volatility of 0.1489 NOK. From a start-to-finish perspective, comparing the January average rate of 1.2368 to the December average rate of 1.3004, the exchange rate registered a net change of 5.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.3329 was down 22.19% compared to the 2020 peak of 1.7130, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,664 NOK
2020 Average 6,824 NOK
Yearly Trough Low 5,920 NOK
Transaction Impact: A difference of 744.36 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.3100
1.1943
JanuMarcMayJulySeptNove

BOB 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 1.2236, compared to 1.2676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0440 points.

H1 Avg (Jan–Jun) 1.2236
H2 Avg (Jul–Dec) 1.2676

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0941 NOK (High: 1.3151 / Low: 1.2210). On the other end, May was the most stable month, with a tight range of 0.0250 NOK (High: 1.2158 / Low: 1.1908).

November Spread (Volatile) ±0.0941
May Spread (Stable) ±0.0250

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 0.0286 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0286

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.3004) against the same month in 2020 (average: 1.2625), the exchange rate shifted by +0.0379 (+3.00%).

2021 Avg (December) 1.3004
2020 Avg (December) 1.2625

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.2586 1.2206 1.2368
February 1.2562 1.2128 1.2315
March 1.2533 1.2162 1.2345
April 1.2375 1.1840 1.2160
May 1.2158 1.1908 1.2039
June 1.2558 1.1859 1.2192
July 1.3038 1.2404 1.2710
August 1.3089 1.2578 1.2828
September 1.2701 1.2391 1.2549
October 1.2504 1.2063 1.2264
November 1.3151 1.2210 1.2704
December 1.3329 1.2726 1.3004