2024 NOK to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 92.8661. Conversely, the yearly low was recorded on February 5, dropping to 77.5236.
This high-to-low spread represents a total annual volatility of 15.3425 ARS. From a start-to-finish perspective, comparing the January average rate of 78.6284 to the December average rate of 90.8115, the exchange rate registered a net change of 15.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 92.8661 was up 16.18% compared to the 2023 peak of 79.9326, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to ARS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 80.8251, compared to 89.2674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.4423 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 6.3578 ARS (High: 90.6763 / Low: 84.3185). On the other end, January was the most stable month, with a tight range of 1.8047 ARS (High: 79.6138 / Low: 77.8091).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.5623 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 90.5277) against the same month in 2023 (average: 32.6130), the exchange rate shifted by +57.9147 (+177.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 79.6138 | 77.8091 | 78.6284 |
| February | 79.9868 | 77.5236 | 79.0641 |
| March | 81.3662 | 79.0131 | 80.1220 |
| April | 81.0164 | 78.5829 | 79.5596 |
| May | 85.2256 | 79.0975 | 82.4590 |
| June | 86.2251 | 83.9848 | 85.1177 |
| July | 86.8466 | 84.0218 | 85.4061 |
| August | 90.6763 | 84.3185 | 87.9478 |
| September | 92.8661 | 88.2002 | 90.5277 |
| October | 91.7527 | 89.5662 | 90.4673 |
| November | 91.4715 | 89.1754 | 90.4440 |
| December | 91.7125 | 89.3239 | 90.8115 |