2024 GMD to NOK Historical Review

YEARLY HIGH

0.1641 NOK

YEARLY LOW

0.1474 NOK

YEARLY AVERAGE

0.1563 NOK

2024 GMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.1641. Conversely, the yearly low was recorded on August 27, dropping to 0.1474.

This high-to-low spread represents a total annual volatility of 0.0167 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1545 to the December average rate of 0.1564, the exchange rate registered a net change of 1.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1641 was down 12.64% compared to the 2023 peak of 0.1878, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 820 NOK

2023 Average 849 NOK

Yearly Trough Low 737 NOK

Transaction Impact: A difference of 83.44 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1615

0.1517

JanuMarcMayJulySeptNove

GMD 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 0.1571, compared to 0.1555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1571

H2 Avg (Jul–Dec) 0.1555

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0114 NOK (High: 0.1588 / Low: 0.1474). On the other end, June was the most stable month, with a tight range of 0.0039 NOK (High: 0.1582 / Low: 0.1543).

August Spread (Volatile) ±0.0114

June Spread (Stable) ±0.0039

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 0.0060 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1607) against the same month in 2023 (average: 0.1699), the exchange rate shifted by -0.0092 (-5.44%).

2024 Avg (April) 0.1607

2023 Avg (April) 0.1699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1565	0.1513	0.1545
February	0.1587	0.1542	0.1561
March	0.1598	0.1531	0.1563
April	0.1641	0.1572	0.1607
May	0.1629	0.1547	0.1585
June	0.1582	0.1543	0.1567
July	0.1628	0.1555	0.1592
August	0.1588	0.1474	0.1532
September	0.1547	0.1503	0.1525
October	0.1586	0.1511	0.1563
November	0.1571	0.1521	0.1553
December	0.1589	0.1544	0.1564