2024 NOK to CNY Historical Review

YEARLY HIGH

0.6950 CNY

YEARLY LOW

0.6377 CNY

YEARLY AVERAGE

0.6677 CNY

2024 NOK to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.6950. Conversely, the yearly low was recorded on December 19, dropping to 0.6377.

This high-to-low spread represents a total annual volatility of 0.0573 CNY. From a start-to-finish perspective, comparing the January average rate of 0.6838 to the December average rate of 0.6484, the exchange rate registered a net change of -5.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6950 was down 3.44% compared to the 2023 peak of 0.7198, 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 3,475 CNY

2023 Average 3,351 CNY

Yearly Trough Low 3,189 CNY

Transaction Impact: A difference of 286.36 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6873

0.6449

JanuMarcMayJulySeptNove

NOK to CNY 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 0.6750, compared to 0.6605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0146 points.

H1 Avg (Jan–Jun) 0.6750

H2 Avg (Jul–Dec) 0.6605

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0411 CNY (High: 0.6909 / Low: 0.6497). On the other end, November was the most stable month, with a tight range of 0.0167 CNY (High: 0.6605 / Low: 0.6438).

May Spread (Volatile) ±0.0411

November Spread (Stable) ±0.0167

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 0.0152 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0152

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6838) against the same month in 2023 (average: 0.6843), the exchange rate shifted by -0.0005 (-0.08%).

2024 Avg (January) 0.6838

2023 Avg (January) 0.6843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6950	0.6750	0.6838
February	0.6860	0.6657	0.6785
March	0.6916	0.6658	0.6780
April	0.6776	0.6444	0.6627
May	0.6909	0.6497	0.6673
June	0.6930	0.6630	0.6798
July	0.6899	0.6555	0.6723
August	0.6809	0.6474	0.6681
September	0.6764	0.6557	0.6669
October	0.6656	0.6474	0.6549
November	0.6605	0.6438	0.6522
December	0.6586	0.6377	0.6484