2024 NOK to BDT Historical Review

YEARLY HIGH

11.5003 BDT

YEARLY LOW

9.8744 BDT

YEARLY AVERAGE

10.7360 BDT

2024 NOK to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 11.5003. Conversely, the yearly low was recorded on April 30, dropping to 9.8744.

This high-to-low spread represents a total annual volatility of 1.6259 BDT. From a start-to-finish perspective, comparing the January average rate of 10.5521 to the December average rate of 10.6382, the exchange rate registered a net change of 0.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.5003 was up 5.20% compared to the 2023 peak of 10.9323, 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 57,502 BDT

2023 Average 51,183 BDT

Yearly Trough Low 49,372 BDT

Transaction Impact: A difference of 8,129.67 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.3876

9.9383

JanuMarcMayJulySeptNove

NOK to BDT 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 10.5211, compared to 10.9508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4297 points.

H1 Avg (Jan–Jun) 10.5211

H2 Avg (Jul–Dec) 10.9508

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.2488 BDT (High: 11.1936 / Low: 9.9448). On the other end, February was the most stable month, with a tight range of 0.2328 BDT (High: 10.5074 / Low: 10.2746).

May Spread (Volatile) ±1.2488

February Spread (Stable) ±0.2328

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 0.2742 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2742

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 11.2668) against the same month in 2023 (average: 10.2328), the exchange rate shifted by +1.0341 (+10.11%).

2024 Avg (September) 11.2668

2023 Avg (September) 10.2328

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.8054	10.4160	10.5521
February	10.5074	10.2746	10.4046
March	10.5299	10.1059	10.3333
April	10.2846	9.8744	10.0591
May	11.1936	9.9448	10.7100
June	11.2313	10.9678	11.0674
July	11.1363	10.6528	10.8829
August	11.4253	10.6222	11.0516
September	11.5003	11.0020	11.2668
October	11.2964	10.8596	11.0477
November	10.9886	10.6883	10.8176
December	10.8345	10.4464	10.6382