2024 NOK to AED Historical Review

YEARLY HIGH

0.3606 AED

YEARLY LOW

0.3210 AED

YEARLY AVERAGE

0.3417 AED

2024 NOK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3606. Conversely, the yearly low was recorded on December 19, dropping to 0.3210.

This high-to-low spread represents a total annual volatility of 0.0396 AED. From a start-to-finish perspective, comparing the January average rate of 0.3532 to the December average rate of 0.3271, the exchange rate registered a net change of -7.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3606 was down 3.89% compared to the 2023 peak of 0.3752, 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 1,803 AED

2023 Average 1,741 AED

Yearly Trough Low 1,605 AED

Transaction Impact: A difference of 197.89 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3558

0.3245

JanuMarcMayJulySeptNove

NOK to AED 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 0.3453, compared to 0.3381 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 0.3453

H2 Avg (Jul–Dec) 0.3381

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0175 AED (High: 0.3503 / Low: 0.3328). On the other end, February was the most stable month, with a tight range of 0.0085 AED (High: 0.3520 / Low: 0.3435).

May Spread (Volatile) ±0.0175

February Spread (Stable) ±0.0085

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 March and April, when the average rate fell by 0.0093 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3532) against the same month in 2023 (average: 0.3701), the exchange rate shifted by -0.0169 (-4.56%).

2024 Avg (January) 0.3532

2023 Avg (January) 0.3701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3606	0.3489	0.3532
February	0.3520	0.3435	0.3481
March	0.3531	0.3384	0.3460
April	0.3441	0.3303	0.3367
May	0.3503	0.3328	0.3420
June	0.3515	0.3426	0.3460
July	0.3486	0.3330	0.3403
August	0.3510	0.3339	0.3434
September	0.3534	0.3382	0.3462
October	0.3473	0.3340	0.3393
November	0.3378	0.3293	0.3324
December	0.3328	0.3210	0.3271