2024 BHD to NOK Historical Review

YEARLY HIGH

30.3387 NOK

YEARLY LOW

26.9524 NOK

YEARLY AVERAGE

28.5359 NOK

2024 BHD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BHD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 30.3387. Conversely, the yearly low was recorded on January 1, dropping to 26.9524.

This high-to-low spread represents a total annual volatility of 3.3863 NOK. From a start-to-finish perspective, comparing the January average rate of 27.5920 to the December average rate of 29.7944, the exchange rate registered a net change of 7.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 30.3387 was up 1.93% compared to the 2023 peak of 29.7654, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 151,694 NOK

2023 Average 140,137 NOK

Yearly Trough Low 134,762 NOK

Transaction Impact: A difference of 16,931.48 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

30.0146

27.3717

JanuMarcMayJulySeptNove

BHD 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 28.2295, compared to 28.8424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6130 points.

H1 Avg (Jan–Jun) 28.2295

H2 Avg (Jul–Dec) 28.8424

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.5201 NOK (High: 29.2849 / Low: 27.7648). On the other end, June was the most stable month, with a tight range of 0.6764 NOK (High: 28.4097 / Low: 27.7333).

August Spread (Volatile) ±1.5201

June Spread (Stable) ±0.6764

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 0.4307 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4307

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 29.7944) against the same month in 2023 (average: 27.8907), the exchange rate shifted by +1.9036 (+6.83%).

2024 Avg (December) 29.7944

2023 Avg (December) 27.8907

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.9328	26.9524	27.5920
February	28.3736	27.6812	27.9926
March	28.7976	27.5938	28.1765
April	29.4977	28.3124	28.9377
May	29.2661	27.8114	28.5070
June	28.4097	27.7333	28.1711
July	29.2643	27.9833	28.6519
August	29.2849	27.7648	28.4069
September	28.8150	27.5797	28.1592
October	29.1792	28.0532	28.7239
November	29.5913	28.8397	29.3183
December	30.3387	29.2794	29.7944