2024 NOK to JPY Historical Review

YEARLY HIGH

15.3105 JPY

YEARLY LOW

13.1281 JPY

YEARLY AVERAGE

14.0890 JPY

2024 NOK to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 3, valuing the pair at 15.3105. Conversely, the yearly low was recorded on September 10, dropping to 13.1281.

This high-to-low spread represents a total annual volatility of 2.1823 JPY. From a start-to-finish perspective, comparing the January average rate of 14.0547 to the December average rate of 13.7141, the exchange rate registered a net change of -2.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.3105 was up 8.67% compared to the 2023 peak of 14.0894, 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 76,552 JPY

2023 Average 66,528 JPY

Yearly Trough Low 65,641 JPY

Transaction Impact: A difference of 10,911.72 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.0352

13.3459

JanuMarcMayJulySeptNove

NOK to JPY 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 14.3104, compared to 13.8676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4429 points.

H1 Avg (Jan–Jun) 14.3104

H2 Avg (Jul–Dec) 13.8676

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 1.5772 JPY (High: 15.3105 / Low: 13.7333). On the other end, March was the most stable month, with a tight range of 0.3267 JPY (High: 14.2831 / Low: 13.9564).

July Spread (Volatile) ±1.5772

March Spread (Stable) ±0.3267

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 July and August, when the average rate fell by 0.9304 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.9304

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 14.5999) against the same month in 2023 (average: 13.7316), the exchange rate shifted by +0.8683 (+6.32%).

2024 Avg (July) 14.5999

2023 Avg (July) 13.7316

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.1970	13.7341	14.0547
February	14.3778	13.9017	14.1820
March	14.2831	13.9564	14.1072
April	14.3561	13.8243	14.1216
May	14.9632	13.9461	14.5026
June	15.1528	14.6299	14.8944
July	15.3105	13.7333	14.5999
August	13.9118	13.2449	13.6695
September	13.8505	13.1281	13.4867
October	13.9855	13.5436	13.8481
November	14.1166	13.5461	13.8871
December	13.9330	13.4376	13.7141