2024 NOK to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 88.3645. Conversely, the yearly low was recorded on December 19, dropping to 78.6625.
This high-to-low spread represents a total annual volatility of 9.7020 KPW. From a start-to-finish perspective, comparing the January average rate of 86.5467 to the December average rate of 80.1429, the exchange rate registered a net change of -7.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 88.3645 was down 3.89% compared to the 2023 peak of 91.9441, 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 KPW 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 84.6245, compared to 82.8516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7729 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 4.2852 KPW (High: 85.8464 / Low: 81.5612). On the other end, February was the most stable month, with a tight range of 2.0844 KPW (High: 86.2424 / Low: 84.1580).
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 March and April, when the average rate fell by 2.2697 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 86.5467) against the same month in 2023 (average: 90.6823), the exchange rate shifted by -4.1355 (-4.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 88.3645 | 85.4896 | 86.5467 |
| February | 86.2424 | 84.1580 | 85.3076 |
| March | 86.5350 | 82.9384 | 84.7866 |
| April | 84.3279 | 80.9425 | 82.5169 |
| May | 85.8464 | 81.5612 | 83.8051 |
| June | 86.1196 | 83.9570 | 84.7841 |
| July | 85.4230 | 81.5930 | 83.3772 |
| August | 86.0155 | 81.8260 | 84.1419 |
| September | 86.5857 | 82.8816 | 84.8410 |
| October | 85.1087 | 81.8381 | 83.1491 |
| November | 82.7806 | 80.6908 | 81.4578 |
| December | 81.5432 | 78.6625 | 80.1429 |