YEARLY HIGH
25.6008 ETB
YEARLY LOW
4.5561 ETB
YEARLY AVERAGE
5.1470 ETB

2021 NOK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 25.6008. Conversely, the yearly low was recorded on January 27, dropping to 4.5561.

This high-to-low spread represents a total annual volatility of 21.0447 ETB. From a start-to-finish perspective, comparing the January average rate of 4.6253 to the December average rate of 6.0685, the exchange rate registered a net change of 31.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 25.6008 was up 455.47% compared to the 2020 peak of 4.6088, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 128,004 ETB
2020 Average 18,659 ETB
Yearly Trough Low 22,781 ETB
Transaction Impact: A difference of 105,223.43 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

6.2128
4.4809
JanuMarcMayJulySeptNove

NOK to ETB 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 4.8848, compared to 5.4091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5243 points.

H1 Avg (Jan–Jun) 4.8848
H2 Avg (Jul–Dec) 5.4091

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 20.3726 ETB (High: 25.6008 / Low: 5.2282). On the other end, January was the most stable month, with a tight range of 0.1329 ETB (High: 4.6890 / Low: 4.5561).

December Spread (Volatile) ±20.3726
January Spread (Stable) ±0.1329

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1356 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1356

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 6.0685) against the same month in 2020 (average: 4.4479), the exchange rate shifted by +1.6206 (+36.43%).

2021 Avg (December) 6.0685
2020 Avg (December) 4.4479

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.6890 4.5561 4.6253
February 4.7896 4.5749 4.6829
March 4.8277 4.6486 4.7489
April 5.1349 4.8095 4.9605
May 5.2381 5.0548 5.1328
June 5.2750 4.9924 5.1587
July 5.1110 4.9098 5.0231
August 5.2642 4.9921 5.0970
September 5.3972 5.2339 5.3180
October 5.6768 5.3522 5.5252
November 5.6237 5.2068 5.4227
December 25.6008 5.2282 6.0685