2024 JOD to NOK Historical Review

YEARLY HIGH

16.1304 NOK

YEARLY LOW

14.3533 NOK

YEARLY AVERAGE

15.1688 NOK

2024 JOD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 16.1304. Conversely, the yearly low was recorded on January 1, dropping to 14.3533.

This high-to-low spread represents a total annual volatility of 1.7771 NOK. From a start-to-finish perspective, comparing the January average rate of 14.6594 to the December average rate of 15.8358, the exchange rate registered a net change of 8.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.1304 was up 1.95% compared to the 2023 peak of 15.8215, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 80,652 NOK

2023 Average 74,459 NOK

Yearly Trough Low 71,766 NOK

Transaction Impact: A difference of 8,885.56 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.9534

14.5418

JanuMarcMayJulySeptNove

JOD 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 15.0057, compared to 15.3319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3262 points.

H1 Avg (Jan–Jun) 15.0057

H2 Avg (Jul–Dec) 15.3319

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.7814 NOK (High: 15.5703 / Low: 14.7889). On the other end, February was the most stable month, with a tight range of 0.3644 NOK (High: 15.0792 / Low: 14.7147).

May Spread (Volatile) ±0.7814

February Spread (Stable) ±0.3644

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 0.2368 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2368

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 15.8358) against the same month in 2023 (average: 14.8239), the exchange rate shifted by +1.0119 (+6.83%).

2024 Avg (December) 15.8358

2023 Avg (December) 14.8239

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8401	14.3533	14.6594
February	15.0792	14.7147	14.8788
March	15.3074	14.6712	14.9759
April	15.6893	15.0552	15.3899
May	15.5703	14.7889	15.1532
June	15.1238	14.7420	14.9772
July	15.5642	14.8643	15.2345
August	15.5177	14.7640	15.0964
September	15.3222	14.6668	14.9707
October	15.5067	14.9213	15.2737
November	15.7293	15.3280	15.5804
December	16.1304	15.5627	15.8358