2024 NOK to BOB Historical Review

YEARLY HIGH

0.6804 BOB

YEARLY LOW

0.6041 BOB

YEARLY AVERAGE

0.6431 BOB

2024 NOK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.6804. Conversely, the yearly low was recorded on December 19, dropping to 0.6041.

This high-to-low spread represents a total annual volatility of 0.0763 BOB. From a start-to-finish perspective, comparing the January average rate of 0.6644 to the December average rate of 0.6153, the exchange rate registered a net change of -7.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6804 was down 3.63% compared to the 2023 peak of 0.7060, 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 3,402 BOB

2023 Average 3,274 BOB

Yearly Trough Low 3,020 BOB

Transaction Impact: A difference of 381.43 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6693

0.6104

JanuMarcMayJulySeptNove

NOK to BOB 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 0.6499, compared to 0.6364 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.6499

H2 Avg (Jul–Dec) 0.6364

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0358 BOB (High: 0.6605 / Low: 0.6247). On the other end, February was the most stable month, with a tight range of 0.0147 BOB (High: 0.6617 / Low: 0.6469).

August Spread (Volatile) ±0.0358

February Spread (Stable) ±0.0147

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 0.0164 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6644) against the same month in 2023 (average: 0.6962), the exchange rate shifted by -0.0319 (-4.58%).

2024 Avg (January) 0.6644

2023 Avg (January) 0.6962

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6804	0.6558	0.6644
February	0.6617	0.6469	0.6552
March	0.6630	0.6367	0.6509
April	0.6475	0.6217	0.6345
May	0.6591	0.6261	0.6434
June	0.6608	0.6453	0.6510
July	0.6549	0.6265	0.6400
August	0.6605	0.6247	0.6456
September	0.6650	0.6362	0.6517
October	0.6532	0.6280	0.6393
November	0.6376	0.6181	0.6263
December	0.6265	0.6041	0.6153