2019 TOP to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TOP to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TOP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 3.9823. Conversely, the yearly low was recorded on April 22, dropping to 3.7005.
This high-to-low spread represents a total annual volatility of 0.2817 NOK. From a start-to-finish perspective, comparing the January average rate of 3.7718 to the December average rate of 3.9206, the exchange rate registered a net change of 3.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 3.9823 was up 2.70% compared to the 2018 peak of 3.8777, 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 2019.
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 3.7895, compared to 3.8917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1022 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was April, with a trading range of 0.1927 NOK (High: 3.8933 / Low: 3.7005). On the other end, November was the most stable month, with a tight range of 0.0495 NOK (High: 3.9729 / Low: 3.9233).
Growth Streaks & Declines
TrendsBetween June and November, 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 May and June, when the average rate fell by 0.0445 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2019: 3.9206) against the same month in 2018 (average: 3.7919), the exchange rate shifted by +0.1287 (+3.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8673 | 3.7296 | 3.7718 |
| February | 3.8405 | 3.7571 | 3.8024 |
| March | 3.8674 | 3.7475 | 3.8023 |
| April | 3.8933 | 3.7005 | 3.7761 |
| May | 3.8424 | 3.7772 | 3.8146 |
| June | 3.8244 | 3.7066 | 3.7701 |
| July | 3.8645 | 3.7412 | 3.7822 |
| August | 3.9192 | 3.8336 | 3.8766 |
| September | 3.9503 | 3.8574 | 3.8894 |
| October | 3.9752 | 3.8954 | 3.9350 |
| November | 3.9729 | 3.9233 | 3.9465 |
| December | 3.9823 | 3.8480 | 3.9206 |