2024 NOK to ISK Historical Review

YEARLY HIGH

13.3737 ISK

YEARLY LOW

12.1787 ISK

YEARLY AVERAGE

12.8353 ISK

2024 NOK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 13.3737. Conversely, the yearly low was recorded on December 28, dropping to 12.1787.

This high-to-low spread represents a total annual volatility of 1.1950 ISK. From a start-to-finish perspective, comparing the January average rate of 13.1654 to the December average rate of 12.3492, the exchange rate registered a net change of -6.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.3737 was down 8.19% compared to the 2023 peak of 14.5666, 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 66,868 ISK

2023 Average 65,341 ISK

Yearly Trough Low 60,893 ISK

Transaction Impact: A difference of 5,974.96 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.2470

12.2676

JanuMarcMayJulySeptNove

NOK to ISK 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 12.9993, compared to 12.6713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3280 points.

H1 Avg (Jan–Jun) 12.9993

H2 Avg (Jul–Dec) 12.6713

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6413 ISK (High: 13.1371 / Low: 12.4957). On the other end, June was the most stable month, with a tight range of 0.2673 ISK (High: 13.2088 / Low: 12.9415).

August Spread (Volatile) ±0.6413

June Spread (Stable) ±0.2673

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 0.3090 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 13.1654) against the same month in 2023 (average: 14.3978), the exchange rate shifted by -1.2323 (-8.56%).

2024 Avg (January) 13.1654

2023 Avg (January) 14.3978

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3737	12.8796	13.1654
February	13.2078	12.8939	13.0554
March	13.1277	12.7134	12.9247
April	13.0213	12.6396	12.8594
May	13.1116	12.6791	12.9238
June	13.2088	12.9415	13.0670
July	13.0963	12.4910	12.7580
August	13.1371	12.4957	12.8783
September	13.0737	12.7279	12.9068
October	12.7994	12.4412	12.6401
November	12.6763	12.3759	12.4952
December	12.5328	12.1787	12.3492