2024 NOK to AUD Historical Review

YEARLY HIGH

0.1466 AUD

YEARLY LOW

0.1364 AUD

YEARLY AVERAGE

0.1410 AUD

2024 NOK to AUD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to AUD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 0.1466. Conversely, the yearly low was recorded on October 20, dropping to 0.1364.

This high-to-low spread represents a total annual volatility of 0.0102 AUD. From a start-to-finish perspective, comparing the January average rate of 0.1447 to the December average rate of 0.1408, the exchange rate registered a net change of -2.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1466 was down 2.30% compared to the 2023 peak of 0.1500, 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 733 AUD

2023 Average 713 AUD

Yearly Trough Low 682 AUD

Transaction Impact: A difference of 50.82 AUD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1460

0.1370

JanuMarcMayJulySeptNove

NOK to AUD 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 0.1428, compared to 0.1393 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.1428

H2 Avg (Jul–Dec) 0.1393

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0047 AUD (High: 0.1433 / Low: 0.1386). On the other end, November was the most stable month, with a tight range of 0.0023 AUD (High: 0.1397 / Low: 0.1374).

May Spread (Volatile) ±0.0047

November Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between October and December, 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 June and July, when the average rate fell by 0.0031 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1452) against the same month in 2023 (average: 0.1417), the exchange rate shifted by +0.0035 (+2.48%).

2024 Avg (February) 0.1452

2023 Avg (February) 0.1417

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1457	0.1428	0.1447
February	0.1466	0.1443	0.1452
March	0.1456	0.1411	0.1436
April	0.1421	0.1386	0.1409
May	0.1433	0.1386	0.1405
June	0.1432	0.1401	0.1418
July	0.1412	0.1368	0.1388
August	0.1418	0.1393	0.1405
September	0.1403	0.1371	0.1392
October	0.1391	0.1364	0.1378
November	0.1397	0.1374	0.1386
December	0.1421	0.1390	0.1408