2024 NOK to EUR Historical Review

YEARLY HIGH

0.0890 EUR

YEARLY LOW

0.0830 EUR

YEARLY AVERAGE

0.0860 EUR

2024 NOK to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0890. Conversely, the yearly low was recorded on August 5, dropping to 0.0830.

This high-to-low spread represents a total annual volatility of 0.0059 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0881 to the December average rate of 0.0850, the exchange rate registered a net change of -3.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0890 was down 6.78% compared to the 2023 peak of 0.0954, 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 445 EUR

2023 Average 438 EUR

Yearly Trough Low 415 EUR

Transaction Impact: A difference of 29.69 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0885

0.0844

JanuMarcMayJulySeptNove

NOK to EUR 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 0.0870, compared to 0.0850 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0870

H2 Avg (Jul–Dec) 0.0850

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0044 EUR (High: 0.0878 / Low: 0.0834). On the other end, January was the most stable month, with a tight range of 0.0017 EUR (High: 0.0890 / Low: 0.0873).

July Spread (Volatile) ±0.0044

January Spread (Stable) ±0.0017

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 0.0022 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0881) against the same month in 2023 (average: 0.0934), the exchange rate shifted by -0.0053 (-5.63%).

2024 Avg (January) 0.0881

2023 Avg (January) 0.0934

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0890	0.0873	0.0881
February	0.0888	0.0871	0.0878
March	0.0878	0.0854	0.0867
April	0.0864	0.0843	0.0855
May	0.0878	0.0846	0.0861
June	0.0886	0.0864	0.0875
July	0.0878	0.0834	0.0854
August	0.0859	0.0830	0.0848
September	0.0860	0.0836	0.0848
October	0.0856	0.0835	0.0848
November	0.0867	0.0831	0.0852
December	0.0860	0.0842	0.0850