2018 TOP to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TOP to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TOP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 3.8777. Conversely, the yearly low was recorded on January 27, dropping to 3.4277.
This high-to-low spread represents a total annual volatility of 0.4500 NOK. From a start-to-finish perspective, comparing the January average rate of 3.5190 to the December average rate of 3.7919, the exchange rate registered a net change of 7.76% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 3.8777 was up 2.47% compared to the 2017 peak of 3.7843, 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 2018.
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 3.5348, compared to 3.6280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0932 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 0.1933 NOK (High: 3.6210 / Low: 3.4277). On the other end, June was the most stable month, with a tight range of 0.0680 NOK (High: 3.5871 / Low: 3.5191).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0448 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 3.7919) against the same month in 2017 (average: 3.6327), the exchange rate shifted by +0.1592 (+4.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.6210 | 3.4277 | 3.5190 |
| February | 3.5894 | 3.4595 | 3.5388 |
| March | 3.5354 | 3.4539 | 3.4940 |
| April | 3.6052 | 3.4926 | 3.5282 |
| May | 3.6680 | 3.5086 | 3.5755 |
| June | 3.5871 | 3.5191 | 3.5533 |
| July | 3.5592 | 3.4585 | 3.5129 |
| August | 3.6707 | 3.5374 | 3.6110 |
| September | 3.6582 | 3.5081 | 3.5738 |
| October | 3.6624 | 3.5281 | 3.5835 |
| November | 3.7535 | 3.6282 | 3.6947 |
| December | 3.8777 | 3.7114 | 3.7919 |