YEARLY HIGH
0.1768 NOK
YEARLY LOW
0.1598 NOK
YEARLY AVERAGE
0.1669 NOK

2021 GMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.1768. Conversely, the yearly low was recorded on April 28, dropping to 0.1598.

This high-to-low spread represents a total annual volatility of 0.0170 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1650 to the December average rate of 0.1708, the exchange rate registered a net change of 3.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1768 was down 23.74% compared to the 2020 peak of 0.2318, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 884 NOK
2020 Average 915 NOK
Yearly Trough Low 799 NOK
Transaction Impact: A difference of 84.85 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1742
0.1612
JanuMarcMayJulySeptNove

GMD 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 0.1647, compared to 0.1692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.1647
H2 Avg (Jul–Dec) 0.1692

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0112 NOK (High: 0.1732 / Low: 0.1620). On the other end, May was the most stable month, with a tight range of 0.0036 NOK (High: 0.1639 / Low: 0.1603).

November Spread (Volatile) ±0.0112
May Spread (Stable) ±0.0036

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 0.0051 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2021: 0.1731) against the same month in 2020 (average: 0.1727), the exchange rate shifted by +0.0005 (+0.26%).

2021 Avg (August) 0.1731
2020 Avg (August) 0.1727

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1683 0.1625 0.1650
February 0.1690 0.1631 0.1654
March 0.1691 0.1639 0.1662
April 0.1666 0.1598 0.1641
May 0.1639 0.1603 0.1623
June 0.1696 0.1615 0.1649
July 0.1762 0.1674 0.1715
August 0.1768 0.1694 0.1731
September 0.1703 0.1661 0.1684
October 0.1674 0.1599 0.1634
November 0.1732 0.1620 0.1678
December 0.1753 0.1672 0.1708