2024 AFN to NOK Historical Review

YEARLY HIGH

0.1678 NOK

YEARLY LOW

0.1411 NOK

YEARLY AVERAGE

0.1527 NOK

2024 AFN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.1678. Conversely, the yearly low was recorded on February 3, dropping to 0.1411.

This high-to-low spread represents a total annual volatility of 0.0267 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1454 to the December average rate of 0.1618, the exchange rate registered a net change of 11.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1678 was up 6.08% compared to the 2023 peak of 0.1581, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 839 NOK

2023 Average 644 NOK

Yearly Trough Low 705 NOK

Transaction Impact: A difference of 133.46 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1652

0.1423

JanuMarcMayJulySeptNove

AFN 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 0.1482, compared to 0.1571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 0.1482

H2 Avg (Jul–Dec) 0.1571

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0136 NOK (High: 0.1678 / Low: 0.1541). On the other end, September was the most stable month, with a tight range of 0.0047 NOK (High: 0.1549 / Low: 0.1502).

October Spread (Volatile) ±0.0136

September Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between August and November, 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 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.1614) against the same month in 2023 (average: 0.1457), the exchange rate shifted by +0.0158 (+10.81%).

2024 Avg (October) 0.1614

2023 Avg (October) 0.1457

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1477	0.1415	0.1454
February	0.1467	0.1411	0.1442
March	0.1519	0.1437	0.1471
April	0.1553	0.1484	0.1520
May	0.1532	0.1460	0.1499
June	0.1533	0.1465	0.1505
July	0.1571	0.1484	0.1526
August	0.1571	0.1474	0.1511
September	0.1549	0.1502	0.1526
October	0.1678	0.1541	0.1614
November	0.1665	0.1598	0.1633
December	0.1653	0.1590	0.1618