YEARLY HIGH
7.1493 NOK
YEARLY LOW
6.6179 NOK
YEARLY AVERAGE
6.8582 NOK

2021 CAD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CAD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 7.1493. Conversely, the yearly low was recorded on April 19, dropping to 6.6179.

This high-to-low spread represents a total annual volatility of 0.5314 NOK. From a start-to-finish perspective, comparing the January average rate of 6.6959 to the December average rate of 7.0097, the exchange rate registered a net change of 4.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.1493 was down 12.93% compared to the 2020 peak of 8.2111, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35,747 NOK
2020 Average 35,081 NOK
Yearly Trough Low 33,090 NOK
Transaction Impact: A difference of 2,656.92 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.0596
6.6628
JanuMarcMayJulySeptNove

CAD 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 6.7731, compared to 6.9432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1701 points.

H1 Avg (Jan–Jun) 6.7731
H2 Avg (Jul–Dec) 6.9432

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.3132 NOK (High: 7.1198 / Low: 6.8066). On the other end, October was the most stable month, with a tight range of 0.1314 NOK (High: 6.8777 / Low: 6.7463).

November Spread (Volatile) ±0.3132
October Spread (Stable) ±0.1314

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1890 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.1890

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 7.0097) against the same month in 2020 (average: 6.7951), the exchange rate shifted by +0.2146 (+3.16%).

2021 Avg (December) 7.0097
2020 Avg (December) 6.7951

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.7817 6.6352 6.6959
February 6.7982 6.6403 6.7002
March 6.8772 6.6855 6.7825
April 6.7960 6.6179 6.7152
May 6.9579 6.7497 6.8511
June 6.9600 6.8263 6.8939
July 7.1022 6.9359 7.0127
August 7.1297 6.8778 7.0266
September 6.9237 6.7724 6.8376
October 6.8777 6.7463 6.8044
November 7.1198 6.8066 6.9683
December 7.1493 6.8667 7.0097