2024 NOK to HKD Historical Review

YEARLY HIGH

0.7668 HKD

YEARLY LOW

0.6791 HKD

YEARLY AVERAGE

0.7260 HKD

2024 NOK to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.7668. Conversely, the yearly low was recorded on December 19, dropping to 0.6791.

This high-to-low spread represents a total annual volatility of 0.0877 HKD. From a start-to-finish perspective, comparing the January average rate of 0.7517 to the December average rate of 0.6922, the exchange rate registered a net change of -7.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7668 was down 4.15% compared to the 2023 peak of 0.8000, 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 3,834 HKD

2023 Average 3,710 HKD

Yearly Trough Low 3,396 HKD

Transaction Impact: A difference of 438.61 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7576

0.6863

JanuMarcMayJulySeptNove

NOK to HKD 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 0.7352, compared to 0.7169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0183 points.

H1 Avg (Jan–Jun) 0.7352

H2 Avg (Jul–Dec) 0.7169

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0371 HKD (High: 0.7456 / Low: 0.7085). On the other end, November was the most stable month, with a tight range of 0.0171 HKD (High: 0.7148 / Low: 0.6977).

August Spread (Volatile) ±0.0371

November Spread (Stable) ±0.0171

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 0.0190 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.7517) against the same month in 2023 (average: 0.7880), the exchange rate shifted by -0.0363 (-4.61%).

2024 Avg (January) 0.7517

2023 Avg (January) 0.7880

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7668	0.7428	0.7517
February	0.7494	0.7314	0.7414
March	0.7520	0.7213	0.7370
April	0.7337	0.7036	0.7180
May	0.7447	0.7090	0.7273
June	0.7483	0.7287	0.7358
July	0.7417	0.7077	0.7235
August	0.7456	0.7085	0.7289
September	0.7488	0.7181	0.7345
October	0.7341	0.7069	0.7178
November	0.7148	0.6977	0.7042
December	0.7051	0.6791	0.6922