YEARLY HIGH
9.1010 BTN
YEARLY LOW
8.1710 BTN
YEARLY AVERAGE
8.5940 BTN

2021 NOK to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 9.1010. Conversely, the yearly low was recorded on December 4, dropping to 8.1710.

This high-to-low spread represents a total annual volatility of 0.9300 BTN. From a start-to-finish perspective, comparing the January average rate of 8.5793 to the December average rate of 8.3940, the exchange rate registered a net change of -2.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.1010 was up 6.00% compared to the 2020 peak of 8.5860, 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 45,505 BTN
2020 Average 39,439 BTN
Yearly Trough Low 40,855 BTN
Transaction Impact: A difference of 4,650.03 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.9014
8.3284
JanuMarcMayJulySeptNove

NOK to BTN 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 8.6732, compared to 8.5147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1585 points.

H1 Avg (Jan–Jun) 8.6732
H2 Avg (Jul–Dec) 8.5147

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.6922 BTN (High: 8.8928 / Low: 8.2006). On the other end, September was the most stable month, with a tight range of 0.2060 BTN (High: 8.6088 / Low: 8.4028).

November Spread (Volatile) ±0.6922
September Spread (Stable) ±0.2060

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3476 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.3476

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 8.8537) against the same month in 2020 (average: 7.3072), the exchange rate shifted by +1.5465 (+21.16%).

2021 Avg (April) 8.8537
2020 Avg (April) 7.3072

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.7176 8.3930 8.5793
February 8.6511 8.3517 8.5434
March 8.6517 8.3395 8.5258
April 9.1010 8.5811 8.8537
May 8.9488 8.6639 8.8134
June 8.8324 8.5219 8.7237
July 8.6819 8.3006 8.4886
August 8.5000 8.2202 8.3762
September 8.6088 8.4028 8.4889
October 8.9994 8.5875 8.8440
November 8.8928 8.2006 8.4964
December 8.5187 8.1710 8.3940