2024 NOK to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 166.9300. Conversely, the yearly low was recorded on December 19, dropping to 151.5853.
This high-to-low spread represents a total annual volatility of 15.3447 MWK. From a start-to-finish perspective, comparing the January average rate of 161.8117 to the December average rate of 154.3732, the exchange rate registered a net change of -4.60% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 166.9300 was up 0.18% compared to the 2023 peak of 166.6219, 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 MWK 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 160.8708, compared to 159.6391 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2317 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 8.8374 MWK (High: 165.8607 / Low: 157.0233). On the other end, February was the most stable month, with a tight range of 3.6804 MWK (High: 161.2733 / Low: 157.5929).
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 October and November, when the average rate fell by 3.3092 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 163.5541) against the same month in 2023 (average: 101.0876), the exchange rate shifted by +62.4664 (+61.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 165.7435 | 159.8237 | 161.8117 |
| February | 161.2733 | 157.5929 | 159.5663 |
| March | 161.9585 | 156.4781 | 160.0270 |
| April | 162.6881 | 156.2080 | 159.0579 |
| May | 165.3919 | 157.3210 | 161.4566 |
| June | 165.7962 | 161.9247 | 163.3054 |
| July | 164.3410 | 157.2293 | 160.5866 |
| August | 165.8607 | 157.0233 | 161.9329 |
| September | 166.9300 | 159.7053 | 163.5541 |
| October | 163.9744 | 157.6917 | 160.3486 |
| November | 159.4982 | 155.3476 | 157.0393 |
| December | 157.3142 | 151.5853 | 154.3732 |