2024 NOK to BND Historical Review

YEARLY HIGH

0.1299 BND

YEARLY LOW

0.1186 BND

YEARLY AVERAGE

0.1243 BND

2024 NOK to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1299. Conversely, the yearly low was recorded on December 18, dropping to 0.1186.

This high-to-low spread represents a total annual volatility of 0.0113 BND. From a start-to-finish perspective, comparing the January average rate of 0.1284 to the December average rate of 0.1202, the exchange rate registered a net change of -6.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1299 was down 5.13% compared to the 2023 peak of 0.1369, 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 650 BND

2023 Average 636 BND

Yearly Trough Low 593 BND

Transaction Impact: A difference of 56.53 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1292

0.1194

JanuMarcMayJulySeptNove

NOK to BND 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 0.1266, compared to 0.1220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.1266

H2 Avg (Jul–Dec) 0.1220

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0068 BND (High: 0.1285 / Low: 0.1217). On the other end, October was the most stable month, with a tight range of 0.0026 BND (High: 0.1225 / Low: 0.1198).

July Spread (Volatile) ±0.0068

October Spread (Stable) ±0.0026

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 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1284) against the same month in 2023 (average: 0.1337), the exchange rate shifted by -0.0053 (-3.98%).

2024 Avg (January) 0.1284

2023 Avg (January) 0.1337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1299	0.1272	0.1284
February	0.1289	0.1258	0.1275
March	0.1284	0.1242	0.1263
April	0.1261	0.1225	0.1243
May	0.1287	0.1237	0.1258
June	0.1292	0.1256	0.1274
July	0.1285	0.1217	0.1247
August	0.1251	0.1201	0.1230
September	0.1240	0.1199	0.1222
October	0.1225	0.1198	0.1210
November	0.1223	0.1195	0.1209
December	0.1219	0.1186	0.1202