2024 NOK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 280.4642. Conversely, the yearly low was recorded on April 30, dropping to 257.9880.
This high-to-low spread represents a total annual volatility of 22.4761 BIF. From a start-to-finish perspective, comparing the January average rate of 274.3922 to the December average rate of 262.4786, the exchange rate registered a net change of -4.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 280.4642 was down 1.45% compared to the 2023 peak of 284.5969, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 269.3158, compared to 267.3457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9701 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 15.0887 BIF (High: 275.9917 / Low: 260.9030). On the other end, June was the most stable month, with a tight range of 6.5194 BIF (High: 274.9436 / Low: 268.4242).
Growth Streaks & Declines
TrendsBetween 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 6.7869 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 274.3922) against the same month in 2023 (average: 208.4604), the exchange rate shifted by +65.9318 (+31.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 280.4642 | 271.0819 | 274.3922 |
| February | 274.3002 | 267.1637 | 271.0689 |
| March | 275.1219 | 263.6530 | 269.5100 |
| April | 268.5940 | 257.9880 | 262.7232 |
| May | 273.7159 | 259.9290 | 267.2353 |
| June | 274.9436 | 268.4242 | 270.9653 |
| July | 272.8801 | 261.2213 | 266.6930 |
| August | 275.9917 | 260.9030 | 269.3099 |
| September | 278.8616 | 266.4736 | 272.8088 |
| October | 274.7702 | 263.9178 | 268.3901 |
| November | 269.3777 | 259.7797 | 264.3938 |
| December | 266.0022 | 258.4374 | 262.4786 |