YEARLY HIGH
18.8348 JMD
YEARLY LOW
16.5610 JMD
YEARLY AVERAGE
17.5228 JMD

2021 NOK to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 18.8348. Conversely, the yearly low was recorded on January 2, dropping to 16.5610.

This high-to-low spread represents a total annual volatility of 2.2738 JMD. From a start-to-finish perspective, comparing the January average rate of 16.9186 to the December average rate of 17.2084, the exchange rate registered a net change of 1.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 18.8348 was up 10.47% compared to the 2020 peak of 17.0498, 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 94,174 JMD
2020 Average 75,696 JMD
Yearly Trough Low 82,805 JMD
Transaction Impact: A difference of 11,368.91 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

18.2651
16.7962
JanuMarcMayJulySeptNove

NOK to JMD 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 17.5862, compared to 17.4593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1269 points.

H1 Avg (Jan–Jun) 17.5862
H2 Avg (Jul–Dec) 17.4593

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.7456 JMD (High: 18.8348 / Low: 17.0892). On the other end, August was the most stable month, with a tight range of 0.5523 JMD (High: 17.5642 / Low: 17.0119).

April Spread (Volatile) ±1.7456
August Spread (Stable) ±0.5523

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 November and December, when the average rate fell by 0.5344 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.5344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 17.8171) against the same month in 2020 (average: 13.2010), the exchange rate shifted by +4.6161 (+34.97%).

2021 Avg (April) 17.8171
2020 Avg (April) 13.2010

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 17.2433 16.5610 16.9186
February 18.0886 17.0519 17.6085
March 17.7595 16.8003 17.2912
April 18.8348 17.0892 17.8171
May 18.5349 17.7788 18.1427
June 18.0808 17.3433 17.7391
July 17.7524 17.0603 17.4195
August 17.5642 17.0119 17.3810
September 17.5202 16.8522 17.2460
October 18.5338 16.9883 17.7583
November 18.3513 17.1620 17.7428
December 17.5557 16.8990 17.2084