2024 NOK to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 43.7818. Conversely, the yearly low was recorded on November 6, dropping to 40.6652.
This high-to-low spread represents a total annual volatility of 3.1166 KMF. From a start-to-finish perspective, comparing the January average rate of 43.4013 to the December average rate of 41.8475, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 43.7818 was down 6.88% compared to the 2023 peak of 47.0166, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to KMF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 42.8141, compared to 41.8628 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9513 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 2.2200 KMF (High: 42.8853 / Low: 40.6652). On the other end, January was the most stable month, with a tight range of 0.7701 KMF (High: 43.7061 / Low: 42.9359).
Growth Streaks & Declines
TrendsBetween 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 0.9724 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 43.2267) against the same month in 2023 (average: 44.9033), the exchange rate shifted by -1.6766 (-3.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.7061 | 42.9359 | 43.4013 |
| February | 43.7818 | 42.6869 | 43.2267 |
| March | 43.4189 | 41.9345 | 42.6846 |
| April | 42.5750 | 41.5055 | 42.0773 |
| May | 43.4622 | 41.8046 | 42.4415 |
| June | 43.6271 | 42.2071 | 43.0532 |
| July | 43.2472 | 41.0812 | 42.0808 |
| August | 42.2939 | 40.8675 | 41.8143 |
| September | 42.5184 | 41.0860 | 41.8086 |
| October | 42.1205 | 41.2464 | 41.7174 |
| November | 42.8853 | 40.6652 | 41.9079 |
| December | 42.4251 | 41.4127 | 41.8475 |