2024 NOK to BWP Historical Review

YEARLY HIGH

1.3198 BWP

YEARLY LOW

1.1986 BWP

YEARLY AVERAGE

1.2614 BWP

2024 NOK to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.3198. Conversely, the yearly low was recorded on December 18, dropping to 1.1986.

This high-to-low spread represents a total annual volatility of 0.1212 BWP. From a start-to-finish perspective, comparing the January average rate of 1.3059 to the December average rate of 1.2213, the exchange rate registered a net change of -6.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3198 was down 0.67% compared to the 2023 peak of 1.3287, 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 6,599 BWP

2023 Average 6,326 BWP

Yearly Trough Low 5,993 BWP

Transaction Impact: A difference of 605.97 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.3143

1.2128

JanuMarcMayJulySeptNove

NOK to BWP 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 1.2839, compared to 1.2390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0449 points.

H1 Avg (Jan–Jun) 1.2839

H2 Avg (Jul–Dec) 1.2390

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0674 BWP (High: 1.2960 / Low: 1.2286). On the other end, January was the most stable month, with a tight range of 0.0289 BWP (High: 1.3198 / Low: 1.2910).

July Spread (Volatile) ±0.0674

January Spread (Stable) ±0.0289

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 0.0287 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.3059) against the same month in 2023 (average: 1.2871), the exchange rate shifted by +0.0188 (+1.46%).

2024 Avg (January) 1.3059

2023 Avg (January) 1.2871

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3198	1.2910	1.3059
February	1.3121	1.2759	1.2993
March	1.3088	1.2635	1.2870
April	1.2774	1.2473	1.2607
May	1.3039	1.2459	1.2666
June	1.3099	1.2708	1.2837
July	1.2960	1.2286	1.2551
August	1.2773	1.2233	1.2539
September	1.2646	1.2283	1.2483
October	1.2488	1.2139	1.2299
November	1.2415	1.2064	1.2256
December	1.2365	1.1986	1.2213