2024 NOK to JOD Historical Review

YEARLY HIGH

0.0697 JOD

YEARLY LOW

0.0620 JOD

YEARLY AVERAGE

0.0660 JOD

2024 NOK to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0697. Conversely, the yearly low was recorded on December 19, dropping to 0.0620.

This high-to-low spread represents a total annual volatility of 0.0077 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0682 to the December average rate of 0.0632, the exchange rate registered a net change of -7.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0697 was down 3.85% compared to the 2023 peak of 0.0725, 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 348 JOD

2023 Average 336 JOD

Yearly Trough Low 310 JOD

Transaction Impact: A difference of 38.38 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0687

0.0626

JanuMarcMayJulySeptNove

NOK to JOD 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 0.0667, compared to 0.0653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0667

H2 Avg (Jul–Dec) 0.0653

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0034 JOD (High: 0.0676 / Low: 0.0642). On the other end, February was the most stable month, with a tight range of 0.0016 JOD (High: 0.0680 / Low: 0.0663).

May Spread (Volatile) ±0.0034

February Spread (Stable) ±0.0016

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 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0682) against the same month in 2023 (average: 0.0715), the exchange rate shifted by -0.0033 (-4.56%).

2024 Avg (January) 0.0682

2023 Avg (January) 0.0715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0697	0.0674	0.0682
February	0.0680	0.0663	0.0672
March	0.0682	0.0653	0.0668
April	0.0664	0.0637	0.0650
May	0.0676	0.0642	0.0660
June	0.0678	0.0661	0.0668
July	0.0673	0.0642	0.0657
August	0.0677	0.0644	0.0663
September	0.0682	0.0653	0.0668
October	0.0670	0.0645	0.0655
November	0.0652	0.0636	0.0642
December	0.0643	0.0620	0.0632