YEARLY HIGH
2.9609 HNL
YEARLY LOW
2.6261 HNL
YEARLY AVERAGE
2.8054 HNL

2021 NOK to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 2.9609. Conversely, the yearly low was recorded on August 22, dropping to 2.6261.

This high-to-low spread represents a total annual volatility of 0.3348 HNL. From a start-to-finish perspective, comparing the January average rate of 2.8451 to the December average rate of 2.7069, the exchange rate registered a net change of -4.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.9609 was up 3.86% compared to the 2020 peak of 2.8508, 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 14,805 HNL
2020 Average 13,175 HNL
Yearly Trough Low 13,130 HNL
Transaction Impact: A difference of 1,674.22 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.9215
2.6651
JanuMarcMayJulySeptNove

NOK to HNL 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 2.8594, compared to 2.7514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1080 points.

H1 Avg (Jan–Jun) 2.8594
H2 Avg (Jul–Dec) 2.7514

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2037 HNL (High: 2.8688 / Low: 2.6651). On the other end, May was the most stable month, with a tight range of 0.0675 HNL (High: 2.9388 / Low: 2.8714).

November Spread (Volatile) ±0.2037
May Spread (Stable) ±0.0675

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.1308 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 2.8451) against the same month in 2020 (average: 2.7717), the exchange rate shifted by +0.0734 (+2.65%).

2021 Avg (January) 2.8451
2020 Avg (January) 2.7717

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.9609 2.7962 2.8451
February 2.9039 2.7811 2.8497
March 2.8835 2.7866 2.8396
April 2.9514 2.8267 2.8693
May 2.9388 2.8714 2.9001
June 2.9144 2.7773 2.8526
July 2.7937 2.6563 2.7218
August 2.7460 2.6261 2.6865
September 2.8222 2.7459 2.7821
October 2.9051 2.8012 2.8537
November 2.8688 2.6651 2.7576
December 2.7774 2.6279 2.7069