2024 NOK to CVE Historical Review

YEARLY HIGH

9.8480 CVE

YEARLY LOW

9.1475 CVE

YEARLY AVERAGE

9.4889 CVE

2024 NOK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 9.8480. Conversely, the yearly low was recorded on November 6, dropping to 9.1475.

This high-to-low spread represents a total annual volatility of 0.7005 CVE. From a start-to-finish perspective, comparing the January average rate of 9.7255 to the December average rate of 9.3708, the exchange rate registered a net change of -3.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9.8480 was down 6.68% compared to the 2023 peak of 10.5526, 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 49,240 CVE

2023 Average 48,371 CVE

Yearly Trough Low 45,738 CVE

Transaction Impact: A difference of 3,502.44 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.7622

9.3210

JanuMarcMayJulySeptNove

NOK to CVE 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 9.5965, compared to 9.3814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2151 points.

H1 Avg (Jan–Jun) 9.5965

H2 Avg (Jul–Dec) 9.3814

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.4994 CVE (High: 9.7083 / Low: 9.2089). On the other end, January was the most stable month, with a tight range of 0.2165 CVE (High: 9.8480 / Low: 9.6315).

July Spread (Volatile) ±0.4994

January Spread (Stable) ±0.2165

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 June and July, when the average rate fell by 0.2400 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2400

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 9.7255) against the same month in 2023 (average: 10.3257), the exchange rate shifted by -0.6002 (-5.81%).

2024 Avg (January) 9.7255

2023 Avg (January) 10.3257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.8480	9.6315	9.7255
February	9.8436	9.5837	9.6942
March	9.7199	9.4191	9.5667
April	9.5424	9.2475	9.4181
May	9.7106	9.3647	9.5125
June	9.7996	9.4889	9.6617
July	9.7083	9.2089	9.4218
August	9.4988	9.1585	9.3781
September	9.5444	9.2141	9.3685
October	9.4792	9.2402	9.3578
November	9.6136	9.1475	9.3913
December	9.5088	9.2229	9.3708