2011 TOP to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 TOP to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the TOP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 3.4996. Conversely, the yearly low was recorded on April 21, dropping to 2.8781.
This high-to-low spread represents a total annual volatility of 0.6216 NOK. From a start-to-finish perspective, comparing the January average rate of 3.1478 to the December average rate of 3.3894, the exchange rate registered a net change of 7.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 3.4996 was up 4.01% compared to the 2010 peak of 3.3647, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
TOP to NOK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.0707, compared to 3.3219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2512 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was May, with a trading range of 0.2408 NOK (High: 3.1874 / Low: 2.9467). On the other end, March was the most stable month, with a tight range of 0.0876 NOK (High: 3.0614 / Low: 2.9738).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0766 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 3.3894) against the same month in 2010 (average: 3.1927), the exchange rate shifted by +0.1967 (+6.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2007 | 3.1047 | 3.1478 |
| February | 3.1622 | 3.0153 | 3.0902 |
| March | 3.0614 | 2.9738 | 3.0137 |
| April | 3.0243 | 2.8781 | 2.9477 |
| May | 3.1874 | 2.9467 | 3.0982 |
| June | 3.1812 | 3.0664 | 3.1265 |
| July | 3.3531 | 3.1126 | 3.2323 |
| August | 3.4093 | 3.2551 | 3.3216 |
| September | 3.4403 | 3.2151 | 3.3351 |
| October | 3.4410 | 3.2019 | 3.2946 |
| November | 3.4279 | 3.2949 | 3.3585 |
| December | 3.4996 | 3.3343 | 3.3894 |