2024 AZN to NOK Historical Review

YEARLY HIGH

6.7302 NOK

YEARLY LOW

5.9912 NOK

YEARLY AVERAGE

6.3253 NOK

2024 AZN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AZN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 6.7302. Conversely, the yearly low was recorded on January 1, dropping to 5.9912.

This high-to-low spread represents a total annual volatility of 0.7389 NOK. From a start-to-finish perspective, comparing the January average rate of 6.1163 to the December average rate of 6.6066, the exchange rate registered a net change of 8.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6.7302 was up 1.95% compared to the 2023 peak of 6.6013, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,651 NOK

2023 Average 31,062 NOK

Yearly Trough Low 29,956 NOK

Transaction Impact: A difference of 3,694.70 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6.6557

6.0672

JanuMarcMayJulySeptNove

AZN 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 6.2573, compared to 6.3933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1360 points.

H1 Avg (Jan–Jun) 6.2573

H2 Avg (Jul–Dec) 6.3933

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.3240 NOK (High: 6.4910 / Low: 6.1670). On the other end, February was the most stable month, with a tight range of 0.1520 NOK (High: 6.2907 / Low: 6.1386).

May Spread (Volatile) ±0.3240

February Spread (Stable) ±0.1520

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 0.0970 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0970

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 6.6066) against the same month in 2023 (average: 6.1862), the exchange rate shifted by +0.4204 (+6.80%).

2024 Avg (December) 6.6066

2023 Avg (December) 6.1862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.1927	5.9912	6.1163
February	6.2907	6.1386	6.2061
March	6.3832	6.1179	6.2431
April	6.5406	6.2780	6.4153
May	6.4910	6.1670	6.3183
June	6.3057	6.1474	6.2445
July	6.4884	6.1975	6.3511
August	6.4700	6.1548	6.2936
September	6.3876	6.1143	6.2408
October	6.4690	6.2204	6.3681
November	6.5610	6.3954	6.4994
December	6.7302	6.4924	6.6066