2024 AED to NOK Historical Review

YEARLY HIGH

3.1150 NOK

YEARLY LOW

2.7731 NOK

YEARLY AVERAGE

2.9278 NOK

2024 AED to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AED to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 3.1150. Conversely, the yearly low was recorded on January 1, dropping to 2.7731.

This high-to-low spread represents a total annual volatility of 0.3419 NOK. From a start-to-finish perspective, comparing the January average rate of 2.8315 to the December average rate of 3.0578, the exchange rate registered a net change of 7.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1150 was up 1.95% compared to the 2023 peak of 3.0554, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AED based on timing:

Yearly Peak High 15,575 NOK

2023 Average 14,378 NOK

Yearly Trough Low 13,866 NOK

Transaction Impact: A difference of 1,709.44 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0804

2.8089

JanuMarcMayJulySeptNove

AED 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 2.8966, compared to 2.9590 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0625 points.

H1 Avg (Jan–Jun) 2.8966

H2 Avg (Jul–Dec) 2.9590

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1501 NOK (High: 3.0044 / Low: 2.8543). On the other end, February was the most stable month, with a tight range of 0.0704 NOK (High: 2.9116 / Low: 2.8412).

May Spread (Volatile) ±0.1501

February Spread (Stable) ±0.0704

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0458 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0458

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 3.0578) against the same month in 2023 (average: 2.8636), the exchange rate shifted by +0.1942 (+6.78%).

2024 Avg (December) 3.0578

2023 Avg (December) 2.8636

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8662	2.7731	2.8315
February	2.9116	2.8412	2.8725
March	2.9550	2.8317	2.8907
April	3.0273	2.9062	2.9702
May	3.0044	2.8543	2.9244
June	2.9185	2.8453	2.8902
July	3.0031	2.8684	2.9395
August	2.9945	2.8487	2.9129
September	2.9564	2.8299	2.8885
October	2.9941	2.8790	2.9474
November	3.0367	2.9600	3.0082
December	3.1150	3.0049	3.0578