2024 NOK to BGN Historical Review

YEARLY HIGH

0.1739 BGN

YEARLY LOW

0.1623 BGN

YEARLY AVERAGE

0.1682 BGN

2024 NOK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1739. Conversely, the yearly low was recorded on August 5, dropping to 0.1623.

This high-to-low spread represents a total annual volatility of 0.0116 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1724 to the December average rate of 0.1663, the exchange rate registered a net change of -3.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1739 was down 6.81% compared to the 2023 peak of 0.1867, 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 870 BGN

2023 Average 857 BGN

Yearly Trough Low 812 BGN

Transaction Impact: A difference of 58.14 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1731

0.1652

JanuMarcMayJulySeptNove

NOK to BGN 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 0.1701, compared to 0.1662 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.1701

H2 Avg (Jul–Dec) 0.1662

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0083 BGN (High: 0.1718 / Low: 0.1634). On the other end, January was the most stable month, with a tight range of 0.0032 BGN (High: 0.1739 / Low: 0.1708).

July Spread (Volatile) ±0.0083

January Spread (Stable) ±0.0032

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 June and July, when the average rate fell by 0.0042 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1724) against the same month in 2023 (average: 0.1827), the exchange rate shifted by -0.0103 (-5.66%).

2024 Avg (January) 0.1724

2023 Avg (January) 0.1827

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1739	0.1708	0.1724
February	0.1737	0.1703	0.1718
March	0.1718	0.1666	0.1695
April	0.1688	0.1646	0.1672
May	0.1719	0.1660	0.1684
June	0.1733	0.1687	0.1712
July	0.1718	0.1634	0.1670
August	0.1679	0.1623	0.1659
September	0.1683	0.1633	0.1660
October	0.1674	0.1634	0.1658
November	0.1704	0.1625	0.1666
December	0.1683	0.1648	0.1663