Historical Year Data · 2016
USD/NOK in 2016
USD/NOK opened 2016 at 8.92 and closed at 8.61, a -3.52% move for the year. The high of 8.97 was reached on January 6, and the low of 7.97 on October 3.
Open
8.92
2016-01
Close
8.61
251 data points
High
8.97
Jan 6
Low
7.97
Oct 3
Full Year Change
-3.52%
2015 Change
+16.99%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 8.92 | 8.71 | 8.97 | 8.63 | -2.44% |
| Feb | 8.71 | 8.69 | 8.72 | 8.48 | -0.21% |
| Mar | 8.66 | 8.25 | 8.7 | 8.25 | -4.68% |
| Apr | 8.31 | 8.06 | 8.35 | 8.06 | -2.99% |
| May | 8.04 | 8.37 | 8.37 | 8.04 | +4.13% |
| Jun | 8.31 | 8.39 | 8.57 | 8.11 | +1.00% |
| Jul | 8.33 | 8.43 | 8.59 | 8.33 | +1.17% |
| Aug | 8.48 | 8.34 | 8.5 | 8.16 | -1.55% |
| Sep | 8.33 | 7.99 | 8.33 | 7.99 | -4.03% |
| Oct | 7.97 | 8.25 | 8.26 | 7.97 | +3.48% |
| Nov | 8.2 | 8.52 | 8.6 | 8.17 | +3.95% |
| Dec | 8.44 | 8.61 | 8.75 | 8.36 | +1.97% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
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.
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