2024 NOK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 405.7132. Conversely, the yearly low was recorded on April 30, dropping to 348.9856.
This high-to-low spread represents a total annual volatility of 56.7276 COP. From a start-to-finish perspective, comparing the January average rate of 376.9147 to the December average rate of 391.0711, the exchange rate registered a net change of 3.76% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 405.7132 was down 17.91% compared to the 2023 peak of 494.2295, 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 COP 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 368.7624, compared to 388.4798 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.7174 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 30.4087 COP (High: 395.3846 / Low: 364.9759). On the other end, February was the most stable month, with a tight range of 8.6352 COP (High: 377.1874 / Low: 368.5522).
Growth Streaks & Declines
TrendsBetween 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 12.9344 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 398.7497) against the same month in 2023 (average: 369.7390), the exchange rate shifted by +29.0107 (+7.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 382.9926 | 371.7406 | 376.9147 |
| February | 377.1874 | 368.5522 | 372.3257 |
| March | 375.3548 | 355.9360 | 367.2562 |
| April | 359.6294 | 348.9856 | 354.3218 |
| May | 369.6249 | 353.3176 | 359.8101 |
| June | 395.3846 | 364.9759 | 381.9459 |
| July | 389.7299 | 362.7422 | 374.1853 |
| August | 390.7436 | 369.5313 | 379.1968 |
| September | 400.2254 | 385.5667 | 394.3963 |
| October | 401.2047 | 387.8697 | 393.2800 |
| November | 405.7132 | 393.4725 | 398.7497 |
| December | 403.8467 | 383.6948 | 391.0711 |