2024 NOK to DJF Historical Review

YEARLY HIGH

17.4597 DJF

YEARLY LOW

15.5427 DJF

YEARLY AVERAGE

16.5445 DJF

2024 NOK to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 17.4597. Conversely, the yearly low was recorded on December 19, dropping to 15.5427.

This high-to-low spread represents a total annual volatility of 1.9170 DJF. From a start-to-finish perspective, comparing the January average rate of 17.1085 to the December average rate of 15.8379, the exchange rate registered a net change of -7.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.4597 was down 3.86% compared to the 2023 peak of 18.1602, 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 87,298 DJF

2023 Average 84,280 DJF

Yearly Trough Low 77,713 DJF

Transaction Impact: A difference of 9,584.94 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.2356

15.7109

JanuMarcMayJulySeptNove

NOK to DJF 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 16.7197, compared to 16.3692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3505 points.

H1 Avg (Jan–Jun) 16.7197

H2 Avg (Jul–Dec) 16.3692

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.8722 DJF (High: 16.9892 / Low: 16.1171). On the other end, February was the most stable month, with a tight range of 0.3990 DJF (High: 17.0507 / Low: 16.6517).

August Spread (Volatile) ±0.8722

February Spread (Stable) ±0.3990

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 0.4436 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4436

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 17.1085) against the same month in 2023 (average: 17.9096), the exchange rate shifted by -0.8011 (-4.47%).

2024 Avg (January) 17.1085

2023 Avg (January) 17.9096

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.4597	16.9009	17.1085
February	17.0507	16.6517	16.8663
March	17.0626	16.3907	16.7459
April	16.6586	15.9873	16.3023
May	16.9621	16.1004	16.5452
June	17.0098	16.6081	16.7500
July	16.8746	16.1168	16.4736
August	16.9892	16.1171	16.6043
September	17.1019	16.3702	16.7721
October	16.8128	16.1641	16.4307
November	16.3503	15.9140	16.0968
December	16.1059	15.5427	15.8379