2024 NOK to MDL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to MDL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 1.7214. Conversely, the yearly low was recorded on April 30, dropping to 1.5877.
This high-to-low spread represents a total annual volatility of 0.1336 MDL. From a start-to-finish perspective, comparing the January average rate of 1.6945 to the December average rate of 1.6311, the exchange rate registered a net change of -3.74% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.7214 was down 12.00% compared to the 2023 peak of 1.9562, 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 MDL 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 1.6639, compared to 1.6351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0288 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.0848 MDL (High: 1.6835 / Low: 1.5987). On the other end, October was the most stable month, with a tight range of 0.0426 MDL (High: 1.6532 / Low: 1.6107).
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 0.0380 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 1.6945) against the same month in 2023 (average: 1.9134), the exchange rate shifted by -0.2190 (-11.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.7214 | 1.6711 | 1.6945 |
| February | 1.7119 | 1.6599 | 1.6873 |
| March | 1.6961 | 1.6229 | 1.6630 |
| April | 1.6513 | 1.5877 | 1.6250 |
| May | 1.6835 | 1.5987 | 1.6441 |
| June | 1.6915 | 1.6391 | 1.6692 |
| July | 1.6870 | 1.6051 | 1.6402 |
| August | 1.6712 | 1.6029 | 1.6345 |
| September | 1.6711 | 1.5978 | 1.6382 |
| October | 1.6532 | 1.6107 | 1.6335 |
| November | 1.6567 | 1.6039 | 1.6332 |
| December | 1.6555 | 1.6039 | 1.6311 |