2024 NOK to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 94.4052. Conversely, the yearly low was recorded on May 17, dropping to 82.9577.
This high-to-low spread represents a total annual volatility of 11.4475 CLP. From a start-to-finish perspective, comparing the January average rate of 87.3940 to the December average rate of 87.5836, the exchange rate registered a net change of 0.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 94.4052 was up 7.29% compared to the 2023 peak of 87.9935, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 88.4318, compared to 87.1685 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2633 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 5.7668 CLP (High: 94.4052 / Low: 88.6384). On the other end, December was the most stable month, with a tight range of 1.8109 CLP (High: 88.3483 / Low: 86.5374).
Growth Streaks & Declines
TrendsBetween July and September, 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 3.4230 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 91.1056) against the same month in 2023 (average: 76.6484), the exchange rate shifted by +14.4572 (+18.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 89.2594 | 85.2055 | 87.3940 |
| February | 94.2075 | 89.0561 | 91.5786 |
| March | 94.4052 | 88.6384 | 91.1056 |
| April | 90.0581 | 85.8007 | 87.6826 |
| May | 87.3453 | 82.9577 | 85.3471 |
| June | 89.7040 | 85.3003 | 87.4829 |
| July | 89.3289 | 84.1104 | 86.5968 |
| August | 88.2055 | 86.0324 | 86.8559 |
| September | 88.7707 | 85.4039 | 87.3119 |
| October | 87.6956 | 85.1954 | 86.6501 |
| November | 89.3877 | 86.5302 | 88.0127 |
| December | 88.3483 | 86.5374 | 87.5836 |