2024 NOK to LRD Historical Review

YEARLY HIGH

19.0792 LRD

YEARLY LOW

15.8671 LRD

YEARLY AVERAGE

17.8130 LRD

2024 NOK to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 19.0792. Conversely, the yearly low was recorded on December 19, dropping to 15.8671.

This high-to-low spread represents a total annual volatility of 3.2121 LRD. From a start-to-finish perspective, comparing the January average rate of 18.1877 to the December average rate of 16.0793, the exchange rate registered a net change of -11.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.0792 was up 2.27% compared to the 2023 peak of 18.6559, 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 95,396 LRD

2023 Average 82,716 LRD

Yearly Trough Low 79,335 LRD

Transaction Impact: A difference of 16,060.50 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

18.6726

15.8435

JanuMarcMayJulySeptNove

NOK to LRD 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 18.0583, compared to 17.5678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4905 points.

H1 Avg (Jan–Jun) 18.0583

H2 Avg (Jul–Dec) 17.5678

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.3584 LRD (High: 17.4897 / Low: 16.1313). On the other end, December was the most stable month, with a tight range of 0.3589 LRD (High: 16.2260 / Low: 15.8671).

November Spread (Volatile) ±1.3584

December Spread (Stable) ±0.3589

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 October and November, when the average rate fell by 1.0554 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0554

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 18.4369) against the same month in 2023 (average: 17.3691), the exchange rate shifted by +1.0677 (+6.15%).

2024 Avg (September) 18.4369

2023 Avg (September) 17.3691

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.5050	17.9813	18.1877
February	18.2325	17.7760	18.0542
March	18.5137	17.7626	18.1291
April	18.0883	17.0772	17.6720
May	18.4641	17.5266	18.0236
June	18.5468	18.1138	18.2829
July	18.4543	17.7050	18.0566
August	18.6415	17.7699	18.2820
September	19.0792	17.9567	18.4369
October	18.3176	17.4568	17.8036
November	17.4897	16.1313	16.7482
December	16.2260	15.8671	16.0793