2024 NOK to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 132.0739. Conversely, the yearly low was recorded on September 11, dropping to 123.3848.
This high-to-low spread represents a total annual volatility of 8.6891 KRW. From a start-to-finish perspective, comparing the January average rate of 127.3775 to the December average rate of 128.2788, the exchange rate registered a net change of 0.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 132.0739 was up 2.38% compared to the 2023 peak of 129.0083, 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 KRW 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 126.9893, compared to 126.6646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3247 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 7.2090 KRW (High: 131.6088 / Low: 124.3998). On the other end, October was the most stable month, with a tight range of 1.7754 KRW (High: 126.5501 / Low: 124.7747).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 2.0835 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 130.1447) against the same month in 2023 (average: 120.0541), the exchange rate shifted by +10.0906 (+8.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 128.1155 | 125.7369 | 127.3775 |
| February | 127.5391 | 124.7434 | 126.3019 |
| March | 127.1305 | 124.0411 | 125.5189 |
| April | 126.9950 | 123.6491 | 125.5933 |
| May | 131.6088 | 124.3998 | 126.9997 |
| June | 132.0739 | 128.7385 | 130.1447 |
| July | 131.3996 | 125.4421 | 128.0612 |
| August | 127.3666 | 123.8985 | 126.2019 |
| September | 127.5580 | 123.3848 | 125.3790 |
| October | 126.5501 | 124.7747 | 125.8089 |
| November | 127.4670 | 124.7679 | 126.2581 |
| December | 130.0681 | 126.0895 | 128.2788 |