2024 NOK to LAK Historical Review

YEARLY HIGH

2122.6316 LAK

YEARLY LOW

1914.8472 LAK

YEARLY AVERAGE

2007.6919 LAK

2024 NOK to LAK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2122.6316. Conversely, the yearly low was recorded on December 19, dropping to 1914.8472.

This high-to-low spread represents a total annual volatility of 207.7845 LAK. From a start-to-finish perspective, comparing the January average rate of 1985.5545 to the December average rate of 1949.2980, the exchange rate registered a net change of -1.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2122.6316 was up 4.31% compared to the 2023 peak of 2034.9308, 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 10,613,158 LAK

2023 Average 8,850,236 LAK

Yearly Trough Low 9,574,236 LAK

Transaction Impact: A difference of 1,038,922.31 LAK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2096.9984

1934.0639

JanuMarcMayJulySeptNove

NOK to LAK 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 1987.2056, compared to 2028.1782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 40.9727 points.

H1 Avg (Jan–Jun) 1987.2056

H2 Avg (Jul–Dec) 2028.1782

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 110.7527 LAK (High: 2045.7667 / Low: 1935.0140). On the other end, February was the most stable month, with a tight range of 49.6334 LAK (High: 1997.4341 / Low: 1947.8007).

May Spread (Volatile) ±110.7527

February Spread (Stable) ±49.6334

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 September and October, when the average rate fell by 52.1090 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -52.1090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2083.4205) against the same month in 2023 (average: 1857.1690), the exchange rate shifted by +226.2515 (+12.18%).

2024 Avg (September) 2083.4205

2023 Avg (September) 1857.1690

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2021.9906	1963.2453	1985.5545
February	1997.4341	1947.8007	1975.9096
March	2003.1100	1936.4993	1971.0851
April	1982.5916	1919.9393	1947.6418
May	2045.7667	1935.0140	1988.8481
June	2087.6360	2014.5135	2054.1943
July	2093.4839	2009.9757	2050.7091
August	2110.6974	2009.9137	2067.9864
September	2122.6316	2037.5778	2083.4205
October	2090.0401	1993.8498	2031.3115
November	2017.9380	1962.5633	1986.3438
December	1987.4543	1914.8472	1949.2980