2024 NOK to GBP Historical Review

YEARLY HIGH

0.0771 GBP

YEARLY LOW

0.0699 GBP

YEARLY AVERAGE

0.0728 GBP

2024 NOK to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0771. Conversely, the yearly low was recorded on December 18, dropping to 0.0699.

This high-to-low spread represents a total annual volatility of 0.0073 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0757 to the December average rate of 0.0705, the exchange rate registered a net change of -6.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0771 was down 8.66% compared to the 2023 peak of 0.0845, 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 386 GBP

2023 Average 381 GBP

Yearly Trough Low 349 GBP

Transaction Impact: A difference of 36.39 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0762

0.0700

JanuMarcMayJulySeptNove

NOK to GBP 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 0.0743, compared to 0.0713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0743

H2 Avg (Jul–Dec) 0.0713

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0040 GBP (High: 0.0743 / Low: 0.0703). On the other end, September was the most stable month, with a tight range of 0.0013 GBP (High: 0.0718 / Low: 0.0706).

July Spread (Volatile) ±0.0040

September Spread (Stable) ±0.0013

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 0.0021 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0757) against the same month in 2023 (average: 0.0823), the exchange rate shifted by -0.0066 (-8.05%).

2024 Avg (January) 0.0757

2023 Avg (January) 0.0823

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0771	0.0747	0.0757
February	0.0759	0.0744	0.0750
March	0.0751	0.0730	0.0741
April	0.0740	0.0720	0.0733
May	0.0747	0.0723	0.0737
June	0.0749	0.0733	0.0741
July	0.0743	0.0703	0.0720
August	0.0731	0.0711	0.0722
September	0.0718	0.0706	0.0713
October	0.0719	0.0701	0.0708
November	0.0721	0.0699	0.0710
December	0.0713	0.0699	0.0705