YEARLY HIGH
5.6126 PHP
YEARLY LOW
5.0885 PHP
YEARLY AVERAGE
5.3290 PHP

2024 NOK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 5.6126. Conversely, the yearly low was recorded on December 28, dropping to 5.0885.

This high-to-low spread represents a total annual volatility of 0.5241 PHP. From a start-to-finish perspective, comparing the January average rate of 5.3813 to the December average rate of 5.2026, the exchange rate registered a net change of -3.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 5.6126 was down 1.35% compared to the 2023 peak of 5.6895, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28,063 PHP
2023 Average 26,351 PHP
Yearly Trough Low 25,442 PHP
Transaction Impact: A difference of 2,620.61 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5.5628
5.1699
JanuMarcMayJulySeptNove

NOK to PHP 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 5.3497, compared to 5.3083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0414 points.

H1 Avg (Jan–Jun) 5.3497
H2 Avg (Jul–Dec) 5.3083

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.3379 PHP (High: 5.5682 / Low: 5.2302). On the other end, October was the most stable month, with a tight range of 0.0913 PHP (High: 5.3559 / Low: 5.2646).

May Spread (Volatile) ±0.3379
October Spread (Stable) ±0.0913

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1128 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 5.5301) against the same month in 2023 (average: 5.1722), the exchange rate shifted by +0.3579 (+6.92%).

2024 Avg (June) 5.5301
2023 Avg (June) 5.1722

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.4438 5.3010 5.3813
February 5.3661 5.2610 5.3101
March 5.3633 5.1782 5.2667
April 5.2928 5.1297 5.2294
May 5.5682 5.2302 5.3805
June 5.6126 5.4685 5.5301
July 5.5591 5.3065 5.4173
August 5.3907 5.2589 5.3259
September 5.3812 5.1727 5.2822
October 5.3559 5.2646 5.3094
November 5.3723 5.2754 5.3124
December 5.2980 5.0885 5.2026