YEARLY HIGH
15.4769 ISK
YEARLY LOW
13.8562 ISK
YEARLY AVERAGE
14.7748 ISK

2021 NOK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 15.4769. Conversely, the yearly low was recorded on July 19, dropping to 13.8562.

This high-to-low spread represents a total annual volatility of 1.6207 ISK. From a start-to-finish perspective, comparing the January average rate of 15.0846 to the December average rate of 14.5017, the exchange rate registered a net change of -3.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 15.4769 was down 1.73% compared to the 2020 peak of 15.7497, 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 77,385 ISK
2020 Average 71,982 ISK
Yearly Trough Low 69,281 ISK
Transaction Impact: A difference of 8,103.60 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

15.3569
14.0678
JanuMarcMayJulySeptNove

NOK to ISK 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 14.9026, compared to 14.6469 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2557 points.

H1 Avg (Jan–Jun) 14.9026
H2 Avg (Jul–Dec) 14.6469

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 1.0858 ISK (High: 15.3954 / Low: 14.3096). On the other end, June was the most stable month, with a tight range of 0.3870 ISK (High: 14.6345 / Low: 14.2475).

November Spread (Volatile) ±1.0858
June Spread (Stable) ±0.3870

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.4120 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.4120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 15.2494) against the same month in 2020 (average: 14.9588), the exchange rate shifted by +0.2907 (+1.94%).

2021 Avg (October) 15.2494
2020 Avg (October) 14.9588

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 15.3460 14.8048 15.0846
February 15.2848 14.6941 15.0799
March 15.2642 14.4749 14.9330
April 15.1999 14.8054 14.9995
May 15.1287 14.4325 14.8415
June 14.6345 14.2475 14.4773
July 14.4806 13.8562 14.1752
August 14.6418 14.0024 14.2481
September 14.9984 14.5684 14.7932
October 15.4769 14.9382 15.2494
November 15.3954 14.3096 14.9138
December 14.8164 14.1078 14.5017