2024 NOK to CHF Historical Review

YEARLY HIGH

0.0871 CHF

YEARLY LOW

0.0777 CHF

YEARLY AVERAGE

0.0819 CHF

2024 NOK to CHF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to CHF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 27, valuing the pair at 0.0871. Conversely, the yearly low was recorded on August 5, dropping to 0.0777.

This high-to-low spread represents a total annual volatility of 0.0094 CHF. From a start-to-finish perspective, comparing the January average rate of 0.0825 to the December average rate of 0.0794, the exchange rate registered a net change of -3.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0871 was down 7.77% compared to the 2023 peak of 0.0945, 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 436 CHF

2023 Average 426 CHF

Yearly Trough Low 389 CHF

Transaction Impact: A difference of 46.99 CHF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0852

0.0789

JanuMarcMayJulySeptNove

NOK to CHF 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 0.0836, compared to 0.0802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0836

H2 Avg (Jul–Dec) 0.0802

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0055 CHF (High: 0.0854 / Low: 0.0798). On the other end, January was the most stable month, with a tight range of 0.0012 CHF (High: 0.0831 / Low: 0.0818).

July Spread (Volatile) ±0.0055

January Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.0025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0846) against the same month in 2023 (average: 0.0831), the exchange rate shifted by +0.0016 (+1.88%).

2024 Avg (May) 0.0846

2023 Avg (May) 0.0831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0831	0.0818	0.0825
February	0.0843	0.0814	0.0831
March	0.0844	0.0831	0.0837
April	0.0848	0.0825	0.0834
May	0.0871	0.0828	0.0846
June	0.0859	0.0834	0.0843
July	0.0854	0.0798	0.0826
August	0.0818	0.0777	0.0802
September	0.0811	0.0781	0.0798
October	0.0805	0.0785	0.0796
November	0.0808	0.0781	0.0797
December	0.0802	0.0786	0.0794