2024 NOK to NAD Historical Review

YEARLY HIGH

1.8385 NAD

YEARLY LOW

1.5805 NAD

YEARLY AVERAGE

1.7054 NAD

2024 NOK to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 1.8385. Conversely, the yearly low was recorded on December 12, dropping to 1.5805.

This high-to-low spread represents a total annual volatility of 0.2580 NAD. From a start-to-finish perspective, comparing the January average rate of 1.8064 to the December average rate of 1.6228, the exchange rate registered a net change of -10.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.8385 was down 2.84% compared to the 2023 peak of 1.8922, 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 9,193 NAD

2023 Average 8,760 NAD

Yearly Trough Low 7,903 NAD

Transaction Impact: A difference of 1,289.90 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.8248

1.6044

JanuMarcMayJulySeptNove

NOK to NAD 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 1.7601, compared to 1.6508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1093 points.

H1 Avg (Jan–Jun) 1.7601

H2 Avg (Jul–Dec) 1.6508

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1036 NAD (High: 1.7937 / Low: 1.6900). On the other end, January was the most stable month, with a tight range of 0.0509 NAD (High: 1.8218 / Low: 1.7709).

June Spread (Volatile) ±0.1036

January Spread (Stable) ±0.0509

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0467 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0467

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.7985) against the same month in 2023 (average: 1.7447), the exchange rate shifted by +0.0537 (+3.08%).

2024 Avg (February) 1.7985

2023 Avg (February) 1.7447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8218	1.7709	1.8064
February	1.8385	1.7521	1.7985
March	1.8163	1.7402	1.7761
April	1.7591	1.6869	1.7316
May	1.7521	1.6889	1.7118
June	1.7937	1.6900	1.7360
July	1.7489	1.6553	1.6894
August	1.7078	1.6491	1.6857
September	1.6899	1.6288	1.6606
October	1.6509	1.5997	1.6237
November	1.6498	1.5889	1.6228
December	1.6569	1.5805	1.6228