Historical Year Data · 2014

USD/NOK in 2014

USD/NOK opened 2014 at 6.15 and closed at 7.48, a +21.71% move for the year. The high of 7.48 was reached on December 31, and the low of 5.88 on May 8.

Open

6.15

2014-01

7.48

250 data points

High

7.48

Dec 31

Low

5.88

May 8

Full Year Change

+21.71%

2013 Change

+9.45%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	6.15	6.28	6.28	6.08	+2.11%
Feb	6.28	5.99	6.29	5.99	-4.50%
Mar	6.04	5.99	6.06	5.93	-0.80%
Apr	5.98	5.95	6.02	5.91	-0.64%
May	5.94	5.98	5.98	5.88	+0.61%
Jun	5.99	6.13	6.14	5.95	+2.29%
Jul	6.16	6.29	6.29	6.16	+1.98%
Aug	6.27	6.18	6.28	6.15	-1.35%
Sep	6.2	6.44	6.45	6.2	+3.82%
Oct	6.45	6.75	6.75	6.45	+4.70%
Nov	6.79	7.01	7.01	6.72	+3.25%
Dec	6.93	7.48	7.48	6.93	+8.03%

Events During 2014

2014-2016 Oil Price Collapse

Deflation

June 2014 – February 2016

Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.