2024 NOK to BBD Historical Review

YEARLY HIGH

0.1964 BBD

YEARLY LOW

0.1748 BBD

YEARLY AVERAGE

0.1861 BBD

2024 NOK to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1964. Conversely, the yearly low was recorded on December 19, dropping to 0.1748.

This high-to-low spread represents a total annual volatility of 0.0216 BBD. From a start-to-finish perspective, comparing the January average rate of 0.1923 to the December average rate of 0.1781, 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 0.1964 was down 3.89% compared to the 2023 peak of 0.2043, 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 982 BBD

2023 Average 948 BBD

Yearly Trough Low 874 BBD

Transaction Impact: A difference of 107.80 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1937

0.1767

JanuMarcMayJulySeptNove

NOK to BBD 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 0.1881, compared to 0.1841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.1881

H2 Avg (Jul–Dec) 0.1841

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0095 BBD (High: 0.1908 / Low: 0.1812). On the other end, February was the most stable month, with a tight range of 0.0046 BBD (High: 0.1916 / Low: 0.1870).

May Spread (Volatile) ±0.0095

February Spread (Stable) ±0.0046

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 0.0050 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1923) against the same month in 2023 (average: 0.2015), the exchange rate shifted by -0.0092 (-4.56%).

2024 Avg (January) 0.1923

2023 Avg (January) 0.2015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1964	0.1900	0.1923
February	0.1916	0.1870	0.1896
March	0.1923	0.1843	0.1884
April	0.1874	0.1799	0.1834
May	0.1908	0.1812	0.1862
June	0.1914	0.1866	0.1884
July	0.1898	0.1813	0.1853
August	0.1911	0.1818	0.1870
September	0.1924	0.1842	0.1885
October	0.1891	0.1819	0.1848
November	0.1840	0.1793	0.1810
December	0.1812	0.1748	0.1781