2024 NOK to DKK Historical Review

YEARLY HIGH

0.6632 DKK

YEARLY LOW

0.6195 DKK

YEARLY AVERAGE

0.6414 DKK

2024 NOK to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.6632. Conversely, the yearly low was recorded on August 5, dropping to 0.6195.

This high-to-low spread represents a total annual volatility of 0.0437 DKK. From a start-to-finish perspective, comparing the January average rate of 0.6574 to the December average rate of 0.6342, the exchange rate registered a net change of -3.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6632 was down 6.55% compared to the 2023 peak of 0.7097, 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 3,316 DKK

2023 Average 3,265 DKK

Yearly Trough Low 3,097 DKK

Transaction Impact: A difference of 218.70 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6599

0.6299

JanuMarcMayJulySeptNove

NOK to DKK 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 0.6487, compared to 0.6342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0145 points.

H1 Avg (Jan–Jun) 0.6487

H2 Avg (Jul–Dec) 0.6342

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0314 DKK (High: 0.6549 / Low: 0.6235). On the other end, January was the most stable month, with a tight range of 0.0122 DKK (High: 0.6632 / Low: 0.6510).

July Spread (Volatile) ±0.0314

January Spread (Stable) ±0.0122

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 0.0161 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0161

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6574) against the same month in 2023 (average: 0.6950), the exchange rate shifted by -0.0376 (-5.41%).

2024 Avg (January) 0.6574

2023 Avg (January) 0.6950

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6632	0.6510	0.6574
February	0.6620	0.6491	0.6547
March	0.6545	0.6369	0.6464
April	0.6446	0.6289	0.6380
May	0.6552	0.6306	0.6425
June	0.6608	0.6455	0.6531
July	0.6549	0.6235	0.6369
August	0.6409	0.6195	0.6329
September	0.6411	0.6236	0.6331
October	0.6386	0.6232	0.6324
November	0.6465	0.6223	0.6354
December	0.6417	0.6280	0.6342