2020 ZAR to NOK Historical Review

YEARLY HIGH

0.6686 NOK

YEARLY LOW

0.5050 NOK

YEARLY AVERAGE

0.5736 NOK

2020 ZAR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.6686. Conversely, the yearly low was recorded on August 17, dropping to 0.5050.

This high-to-low spread represents a total annual volatility of 0.1636 NOK. From a start-to-finish perspective, comparing the January average rate of 0.6208 to the December average rate of 0.5853, the exchange rate registered a net change of -5.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.6686 was up 5.18% compared to the 2019 peak of 0.6357, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 33,431 NOK

2019 Average 30,459 NOK

Yearly Trough Low 25,251 NOK

Transaction Impact: A difference of 8,179.43 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.6310

0.5096

JanuMarcMayJulySeptNove

ZAR to NOK 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 0.5877, compared to 0.5596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0281 points.

H1 Avg (Jan–Jun) 0.5877

H2 Avg (Jul–Dec) 0.5596

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0843 NOK (High: 0.6686 / Low: 0.5844). On the other end, January was the most stable month, with a tight range of 0.0145 NOK (High: 0.6280 / Low: 0.6134).

March Spread (Volatile) ±0.0843

January Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0556 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0556

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.6152) against the same month in 2019 (average: 0.5977), the exchange rate shifted by +0.0175 (+2.92%).

2020 Avg (March) 0.6152

2019 Avg (March) 0.5977

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6280	0.6134	0.6208
February	0.6243	0.5997	0.6171
March	0.6686	0.5844	0.6152
April	0.5727	0.5470	0.5596
May	0.5699	0.5441	0.5558
June	0.5648	0.5472	0.5574
July	0.5624	0.5336	0.5547
August	0.5342	0.5050	0.5197
September	0.5606	0.5262	0.5473
October	0.5856	0.5535	0.5655
November	0.5913	0.5754	0.5850
December	0.5947	0.5753	0.5853