2024 ETB to NOK Historical Review

YEARLY HIGH

0.1943 NOK

YEARLY LOW

0.0869 NOK

YEARLY AVERAGE

0.1478 NOK

2024 ETB to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.1943. Conversely, the yearly low was recorded on September 24, dropping to 0.0869.

This high-to-low spread represents a total annual volatility of 0.1075 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1843 to the December average rate of 0.0887, the exchange rate registered a net change of -51.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1943 was down 5.13% compared to the 2023 peak of 0.2049, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 972 NOK

2023 Average 965 NOK

Yearly Trough Low 434 NOK

Transaction Impact: A difference of 537.38 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2020

0.0784

JanuMarcMayJulySeptNove

ETB 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 0.1869, compared to 0.1087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0782 points.

H1 Avg (Jan–Jun) 0.1869

H2 Avg (Jul–Dec) 0.1087

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0466 NOK (High: 0.1912 / Low: 0.1446). On the other end, December was the most stable month, with a tight range of 0.0036 NOK (High: 0.0912 / Low: 0.0876).

July Spread (Volatile) ±0.0466

December Spread (Stable) ±0.0036

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 July and August, when the average rate fell by 0.0803 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0803

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1917) against the same month in 2023 (average: 0.1939), the exchange rate shifted by -0.0022 (-1.16%).

2024 Avg (April) 0.1917

2023 Avg (April) 0.1939

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1871	0.1803	0.1843
February	0.1901	0.1845	0.1863
March	0.1910	0.1839	0.1871
April	0.1943	0.1875	0.1917
May	0.1929	0.1828	0.1874
June	0.1872	0.1819	0.1846
July	0.1912	0.1446	0.1858
August	0.1390	0.0928	0.1055
September	0.0965	0.0869	0.0920
October	0.0922	0.0876	0.0899
November	0.0922	0.0875	0.0901
December	0.0912	0.0876	0.0887