2024 NOK to ILS Historical Review

YEARLY HIGH

0.3641 ILS

YEARLY LOW

0.3148 ILS

YEARLY AVERAGE

0.3444 ILS

2024 NOK to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.3641. Conversely, the yearly low was recorded on December 18, dropping to 0.3148.

This high-to-low spread represents a total annual volatility of 0.0493 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3566 to the December average rate of 0.3226, the exchange rate registered a net change of -9.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3641 was down 1.35% compared to the 2023 peak of 0.3691, 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 1,821 ILS

2023 Average 1,745 ILS

Yearly Trough Low 1,574 ILS

Transaction Impact: A difference of 246.42 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3600

0.3192

JanuMarcMayJulySeptNove

NOK to ILS 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 0.3475, compared to 0.3412 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.3475

H2 Avg (Jul–Dec) 0.3412

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0276 ILS (High: 0.3568 / Low: 0.3292). On the other end, June was the most stable month, with a tight range of 0.0096 ILS (High: 0.3561 / Low: 0.3465).

July Spread (Volatile) ±0.0276

June Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0141 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3566) against the same month in 2023 (average: 0.3470), the exchange rate shifted by +0.0096 (+2.77%).

2024 Avg (January) 0.3566

2023 Avg (January) 0.3470

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3641	0.3460	0.3566
February	0.3511	0.3363	0.3454
March	0.3481	0.3378	0.3422
April	0.3507	0.3354	0.3446
May	0.3539	0.3386	0.3447
June	0.3561	0.3465	0.3517
July	0.3568	0.3292	0.3403
August	0.3549	0.3419	0.3479
September	0.3614	0.3423	0.3517
October	0.3589	0.3376	0.3479
November	0.3423	0.3269	0.3367
December	0.3290	0.3148	0.3226