2024 NOK to BRL Historical Review

YEARLY HIGH

0.5933 BRL

YEARLY LOW

0.4610 BRL

YEARLY AVERAGE

0.5011 BRL

2024 NOK to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.5933. Conversely, the yearly low was recorded on April 1, dropping to 0.4610.

This high-to-low spread represents a total annual volatility of 0.1323 BRL. From a start-to-finish perspective, comparing the January average rate of 0.4720 to the December average rate of 0.5451, the exchange rate registered a net change of 15.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5933 was up 8.89% compared to the 2023 peak of 0.5448, 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 2,966 BRL

2023 Average 2,367 BRL

Yearly Trough Low 2,305 BRL

Transaction Impact: A difference of 661.36 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5527

0.4620

JanuMarcMayJulySeptNove

NOK to BRL 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 0.4781, compared to 0.5241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0460 points.

H1 Avg (Jan–Jun) 0.4781

H2 Avg (Jul–Dec) 0.5241

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0586 BRL (High: 0.5933 / Low: 0.5346). On the other end, January was the most stable month, with a tight range of 0.0085 BRL (High: 0.4766 / Low: 0.4680).

December Spread (Volatile) ±0.0586

January Spread (Stable) ±0.0085

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0029 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5451) against the same month in 2023 (average: 0.4660), the exchange rate shifted by +0.0792 (+16.99%).

2024 Avg (December) 0.5451

2023 Avg (December) 0.4660

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4766	0.4680	0.4720
February	0.4754	0.4640	0.4706
March	0.4777	0.4621	0.4695
April	0.4817	0.4610	0.4700
May	0.4992	0.4646	0.4784
June	0.5246	0.4969	0.5084
July	0.5321	0.5034	0.5132
August	0.5359	0.5082	0.5193
September	0.5303	0.5151	0.5222
October	0.5266	0.5111	0.5193
November	0.5448	0.5124	0.5255
December	0.5933	0.5346	0.5451