2024 NOK to ALL Historical Review

YEARLY HIGH

9.2536 ALL

YEARLY LOW

8.1680 ALL

YEARLY AVERAGE

8.6595 ALL

2024 NOK to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 9.2536. Conversely, the yearly low was recorded on November 2, dropping to 8.1680.

This high-to-low spread represents a total annual volatility of 1.0856 ALL. From a start-to-finish perspective, comparing the January average rate of 9.1552 to the December average rate of 8.3557, the exchange rate registered a net change of -8.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9.2536 was down 16.98% compared to the 2023 peak of 11.1467, 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 46,268 ALL

2023 Average 47,683 ALL

Yearly Trough Low 40,840 ALL

Transaction Impact: A difference of 5,428.21 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.2357

8.2696

JanuMarcMayJulySeptNove

NOK to ALL 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 8.8935, compared to 8.4255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4680 points.

H1 Avg (Jan–Jun) 8.8935

H2 Avg (Jul–Dec) 8.4255

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.4613 ALL (High: 8.8380 / Low: 8.3767). On the other end, January was the most stable month, with a tight range of 0.2004 ALL (High: 9.2536 / Low: 9.0532).

July Spread (Volatile) ±0.4613

January Spread (Stable) ±0.2004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2870 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2870

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 9.1552) against the same month in 2023 (average: 10.8747), the exchange rate shifted by -1.7195 (-15.81%).

2024 Avg (January) 9.1552

2023 Avg (January) 10.8747

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.2536	9.0532	9.1552
February	9.2249	9.0102	9.1197
March	9.1281	8.7853	8.9628
April	8.8661	8.4385	8.6758
May	8.8709	8.4960	8.6599
June	8.8809	8.6109	8.7873
July	8.8380	8.3767	8.5666
August	8.5839	8.3145	8.4827
September	8.5525	8.3112	8.4335
October	8.4659	8.2199	8.3643
November	8.5506	8.1680	8.3501
December	8.4755	8.2282	8.3557