2024 NOK to CDF Historical Review

YEARLY HIGH

274.4991 CDF

YEARLY LOW

248.7062 CDF

YEARLY AVERAGE

261.8817 CDF

2024 NOK to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 274.4991. Conversely, the yearly low was recorded on December 19, dropping to 248.7062.

This high-to-low spread represents a total annual volatility of 25.7929 CDF. From a start-to-finish perspective, comparing the January average rate of 261.7411 to the December average rate of 254.1661, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 274.4991 was up 0.99% compared to the 2023 peak of 271.8182, 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 1,372,495 CDF

2023 Average 1,106,170 CDF

Yearly Trough Low 1,243,531 CDF

Transaction Impact: A difference of 128,964.28 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

269.9411

252.7320

JanuMarcMayJulySeptNove

NOK to CDF 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 261.2314, compared to 262.5320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3006 points.

H1 Avg (Jan–Jun) 261.2314

H2 Avg (Jul–Dec) 262.5320

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 15.8080 CDF (High: 268.9098 / Low: 253.1018). On the other end, June was the most stable month, with a tight range of 6.0107 CDF (High: 269.9758 / Low: 263.9651).

May Spread (Volatile) ±15.8080

June Spread (Stable) ±6.0107

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 5.4034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -5.4034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 268.5070) against the same month in 2023 (average: 231.5077), the exchange rate shifted by +36.9993 (+15.98%).

2024 Avg (September) 268.5070

2023 Avg (September) 231.5077

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	268.7915	253.5099	261.7411
February	264.1766	257.6294	261.2600
March	266.3355	256.1321	261.3495
April	263.0603	251.1978	255.9461
May	268.9098	253.1018	260.3147
June	269.9758	263.9651	266.7773
July	270.2180	256.3835	263.4598
August	272.7037	259.4990	266.3376
September	274.4991	261.4446	268.5070
October	270.0669	258.8836	263.8032
November	263.2086	256.5725	258.9183
December	259.5789	248.7062	254.1661