2024 LRD to NOK Historical Review

YEARLY HIGH

0.0630 NOK

YEARLY LOW

0.0524 NOK

YEARLY AVERAGE

0.0562 NOK

2024 LRD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LRD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0630. Conversely, the yearly low was recorded on September 20, dropping to 0.0524.

This high-to-low spread represents a total annual volatility of 0.0106 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0550 to the December average rate of 0.0622, the exchange rate registered a net change of 13.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0630 was down 7.42% compared to the 2023 peak of 0.0681, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 315 NOK

2023 Average 304 NOK

Yearly Trough Low 262 NOK

Transaction Impact: A difference of 53.05 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0630

0.0535

JanuMarcMayJulySeptNove

LRD 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 0.0554, compared to 0.0571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0554

H2 Avg (Jul–Dec) 0.0571

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0048 NOK (High: 0.0620 / Low: 0.0572). On the other end, June was the most stable month, with a tight range of 0.0013 NOK (High: 0.0552 / Low: 0.0539).

November Spread (Volatile) ±0.0048

June Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between September and December, 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 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0622) against the same month in 2023 (average: 0.0559), the exchange rate shifted by +0.0063 (+11.32%).

2024 Avg (December) 0.0622

2023 Avg (December) 0.0559

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0556	0.0540	0.0550
February	0.0563	0.0548	0.0554
March	0.0563	0.0540	0.0552
April	0.0586	0.0553	0.0566
May	0.0571	0.0542	0.0555
June	0.0552	0.0539	0.0547
July	0.0565	0.0542	0.0554
August	0.0563	0.0536	0.0547
September	0.0557	0.0524	0.0543
October	0.0573	0.0546	0.0562
November	0.0620	0.0572	0.0598
December	0.0630	0.0616	0.0622