2024 NOK to CAD Historical Review

YEARLY HIGH

0.1304 CAD

YEARLY LOW

0.1238 CAD

YEARLY AVERAGE

0.1275 CAD

2024 NOK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 0.1304. Conversely, the yearly low was recorded on April 1, dropping to 0.1238.

This high-to-low spread represents a total annual volatility of 0.0066 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1290 to the December average rate of 0.1270, the exchange rate registered a net change of -1.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1304 was down 5.68% compared to the 2023 peak of 0.1383, 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 652 CAD

2023 Average 640 CAD

Yearly Trough Low 619 CAD

Transaction Impact: A difference of 33.15 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1295

0.1251

JanuMarcMayJulySeptNove

NOK to CAD 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 0.1277, compared to 0.1272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1277

H2 Avg (Jul–Dec) 0.1272

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0056 CAD (High: 0.1300 / Low: 0.1244). On the other end, November was the most stable month, with a tight range of 0.0019 CAD (High: 0.1276 / Low: 0.1257).

May Spread (Volatile) ±0.0056

November Spread (Stable) ±0.0019

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 0.0021 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.1291) against the same month in 2023 (average: 0.1231), the exchange rate shifted by +0.0060 (+4.85%).

2024 Avg (June) 0.1291

2023 Avg (June) 0.1231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1303	0.1277	0.1290
February	0.1291	0.1266	0.1279
March	0.1297	0.1247	0.1276
April	0.1272	0.1238	0.1254
May	0.1300	0.1244	0.1273
June	0.1304	0.1282	0.1291
July	0.1297	0.1251	0.1271
August	0.1297	0.1255	0.1278
September	0.1296	0.1251	0.1277
October	0.1289	0.1259	0.1271
November	0.1276	0.1257	0.1266
December	0.1278	0.1259	0.1270