2024 NOK to MNT Historical Review

YEARLY HIGH

338.7308 MNT

YEARLY LOW

296.9948 MNT

YEARLY AVERAGE

318.8768 MNT

2024 NOK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 338.7308. Conversely, the yearly low was recorded on December 19, dropping to 296.9948.

This high-to-low spread represents a total annual volatility of 41.7360 MNT. From a start-to-finish perspective, comparing the January average rate of 331.7625 to the December average rate of 302.5841, the exchange rate registered a net change of -8.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 338.7308 was down 4.25% compared to the 2023 peak of 353.7683, 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 1,693,654 MNT

2023 Average 1,640,521 MNT

Yearly Trough Low 1,484,974 MNT

Transaction Impact: A difference of 208,680.02 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

334.6803

299.6663

JanuMarcMayJulySeptNove

NOK to MNT 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 324.3940, compared to 313.3595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.0345 points.

H1 Avg (Jan–Jun) 324.3940

H2 Avg (Jul–Dec) 313.3595

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 19.3960 MNT (High: 327.4548 / Low: 308.0588). On the other end, November was the most stable month, with a tight range of 7.8898 MNT (High: 312.5426 / Low: 304.6528).

July Spread (Volatile) ±19.3960

November Spread (Stable) ±7.8898

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 March and April, when the average rate fell by 8.7006 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.7006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 331.7625) against the same month in 2023 (average: 343.2793), the exchange rate shifted by -11.5168 (-3.35%).

2024 Avg (January) 331.7625

2023 Avg (January) 343.2793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	338.7308	327.7102	331.7625
February	330.5959	322.6058	327.0125
March	331.7175	317.9304	325.0153
April	323.2568	310.2797	316.3147
May	329.0779	312.6514	321.2531
June	330.1252	321.8353	325.0059
July	327.4548	308.0588	318.0865
August	324.7564	308.9385	317.6822
September	326.9091	312.9239	320.3218
October	321.3326	308.9842	313.9339
November	312.5426	304.6528	307.5485
December	307.8707	296.9948	302.5841