2024 MDL to NOK Historical Review

YEARLY HIGH

0.6298 NOK

YEARLY LOW

0.5809 NOK

YEARLY AVERAGE

0.6064 NOK

2024 MDL to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MDL to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.6298. Conversely, the yearly low was recorded on January 14, dropping to 0.5809.

This high-to-low spread represents a total annual volatility of 0.0489 NOK. From a start-to-finish perspective, comparing the January average rate of 0.5902 to the December average rate of 0.6131, the exchange rate registered a net change of 3.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6298 was down 0.04% compared to the 2023 peak of 0.6301, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,149 NOK

2023 Average 2,921 NOK

Yearly Trough Low 2,905 NOK

Transaction Impact: A difference of 244.49 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6179

0.5877

JanuMarcMayJulySeptNove

MDL 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 0.6012, compared to 0.6117 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.6012

H2 Avg (Jul–Dec) 0.6117

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0315 NOK (High: 0.6255 / Low: 0.5940). On the other end, October was the most stable month, with a tight range of 0.0160 NOK (High: 0.6209 / Low: 0.6049).

May Spread (Volatile) ±0.0315

October Spread (Stable) ±0.0160

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 May and June, when the average rate fell by 0.0092 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6154) against the same month in 2023 (average: 0.5825), the exchange rate shifted by +0.0329 (+5.65%).

2024 Avg (April) 0.6154

2023 Avg (April) 0.5825

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5984	0.5809	0.5902
February	0.6025	0.5842	0.5927
March	0.6162	0.5896	0.6014
April	0.6298	0.6056	0.6154
May	0.6255	0.5940	0.6083
June	0.6101	0.5912	0.5991
July	0.6230	0.5928	0.6099
August	0.6239	0.5984	0.6119
September	0.6258	0.5984	0.6105
October	0.6209	0.6049	0.6122
November	0.6235	0.6036	0.6123
December	0.6235	0.6041	0.6131