YEARLY HIGH
141.3497 KRW
YEARLY LOW
125.7649 KRW
YEARLY AVERAGE
133.1536 KRW

2021 NOK to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 141.3497. Conversely, the yearly low was recorded on January 2, dropping to 125.7649.

This high-to-low spread represents a total annual volatility of 15.5848 KRW. From a start-to-finish perspective, comparing the January average rate of 129.0563 to the December average rate of 132.0249, the exchange rate registered a net change of 2.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 141.3497 was up 3.86% compared to the 2020 peak of 136.0984, 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 706,749 KRW
2020 Average 627,411 KRW
Yearly Trough Low 628,825 KRW
Transaction Impact: A difference of 77,923.96 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

140.6905
127.9987
JanuMarcMayJulySeptNove

NOK to KRW 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 132.3014, compared to 134.0059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7045 points.

H1 Avg (Jan–Jun) 132.3014
H2 Avg (Jul–Dec) 134.0059

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 10.5955 KRW (High: 141.2396 / Low: 130.6441). On the other end, February was the most stable month, with a tight range of 2.7479 KRW (High: 132.2391 / Low: 129.4912).

November Spread (Volatile) ±10.5955
February Spread (Stable) ±2.7479

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 4.2355 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -4.2355

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 139.6328) against the same month in 2020 (average: 123.1293), the exchange rate shifted by +16.5036 (+13.40%).

2021 Avg (October) 139.6328
2020 Avg (October) 123.1293

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 130.8163 125.7649 129.0563
February 132.2391 129.4912 130.7116
March 134.8811 128.8580 132.5645
April 135.7463 131.7608 133.2710
May 137.6309 133.0630 135.0470
June 135.1906 130.8932 133.1578
July 132.2010 127.5544 130.4867
August 134.5080 128.1646 131.0817
September 137.7532 132.9537 135.4118
October 141.3497 136.7585 139.6328
November 141.2396 130.6441 135.3974
December 135.0681 128.9467 132.0249