2024 CVE to NOK Historical Review

YEARLY HIGH

0.1093 NOK

YEARLY LOW

0.1015 NOK

YEARLY AVERAGE

0.1054 NOK

2024 CVE to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 0.1093. Conversely, the yearly low was recorded on January 5, dropping to 0.1015.

This high-to-low spread represents a total annual volatility of 0.0078 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1028 to the December average rate of 0.1067, the exchange rate registered a net change of 3.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1093 was up 0.56% compared to the 2023 peak of 0.1087, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 547 NOK

2023 Average 517 NOK

Yearly Trough Low 508 NOK

Transaction Impact: A difference of 38.88 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1073

0.1024

JanuMarcMayJulySeptNove

CVE 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 0.1042, compared to 0.1066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.1042

H2 Avg (Jul–Dec) 0.1066

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0056 NOK (High: 0.1086 / Low: 0.1030). On the other end, January was the most stable month, with a tight range of 0.0023 NOK (High: 0.1038 / Low: 0.1015).

July Spread (Volatile) ±0.0056

January Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0016 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1065) against the same month in 2023 (average: 0.1066), the exchange rate shifted by -0.0001 (-0.13%).

2024 Avg (November) 0.1065

2023 Avg (November) 0.1066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1038	0.1015	0.1028
February	0.1043	0.1016	0.1032
March	0.1062	0.1029	0.1045
April	0.1081	0.1048	0.1062
May	0.1068	0.1030	0.1051
June	0.1054	0.1020	0.1035
July	0.1086	0.1030	0.1062
August	0.1092	0.1053	0.1066
September	0.1085	0.1048	0.1067
October	0.1082	0.1055	0.1069
November	0.1093	0.1040	0.1065
December	0.1084	0.1052	0.1067