2024 NOK to BHD Historical Review

YEARLY HIGH

0.0371 BHD

YEARLY LOW

0.0330 BHD

YEARLY AVERAGE

0.0351 BHD

2024 NOK to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0371. Conversely, the yearly low was recorded on December 19, dropping to 0.0330.

This high-to-low spread represents a total annual volatility of 0.0041 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0362 to the December average rate of 0.0336, the exchange rate registered a net change of -7.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0371 was down 3.61% compared to the 2023 peak of 0.0385, 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 186 BHD

2023 Average 179 BHD

Yearly Trough Low 165 BHD

Transaction Impact: A difference of 20.71 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0365

0.0333

JanuMarcMayJulySeptNove

NOK to BHD 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 0.0354, compared to 0.0347 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0354

H2 Avg (Jul–Dec) 0.0347

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0019 BHD (High: 0.0360 / Low: 0.0341). On the other end, June was the most stable month, with a tight range of 0.0009 BHD (High: 0.0361 / Low: 0.0352).

August Spread (Volatile) ±0.0019

June Spread (Stable) ±0.0009

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 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0362) against the same month in 2023 (average: 0.0380), the exchange rate shifted by -0.0017 (-4.56%).

2024 Avg (January) 0.0362

2023 Avg (January) 0.0380

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0371	0.0358	0.0362
February	0.0361	0.0352	0.0357
March	0.0362	0.0347	0.0355
April	0.0353	0.0339	0.0346
May	0.0360	0.0342	0.0351
June	0.0361	0.0352	0.0355
July	0.0357	0.0342	0.0349
August	0.0360	0.0341	0.0352
September	0.0363	0.0347	0.0355
October	0.0356	0.0343	0.0348
November	0.0347	0.0338	0.0341
December	0.0342	0.0330	0.0336