2024 NOK to NZD Historical Review

YEARLY HIGH

0.1575 NZD

YEARLY LOW

0.1494 NZD

YEARLY AVERAGE

0.1538 NZD

2024 NOK to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.1575. Conversely, the yearly low was recorded on September 30, dropping to 0.1494.

This high-to-low spread represents a total annual volatility of 0.0080 NZD. From a start-to-finish perspective, comparing the January average rate of 0.1557 to the December average rate of 0.1552, the exchange rate registered a net change of -0.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1575 was down 2.62% compared to the 2023 peak of 0.1617, 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 787 NZD

2023 Average 772 NZD

Yearly Trough Low 747 NZD

Transaction Impact: A difference of 40.22 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1562

0.1510

JanuMarcMayJulySeptNove

NOK to NZD 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 0.1544, compared to 0.1532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.1544

H2 Avg (Jul–Dec) 0.1532

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0047 NZD (High: 0.1556 / Low: 0.1509). On the other end, March was the most stable month, with a tight range of 0.0018 NZD (High: 0.1558 / Low: 0.1540).

August Spread (Volatile) ±0.0047

March Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1557) against the same month in 2023 (average: 0.1573), the exchange rate shifted by -0.0016 (-0.99%).

2024 Avg (January) 0.1557

2023 Avg (January) 0.1573

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1575	0.1544	0.1557
February	0.1562	0.1531	0.1547
March	0.1558	0.1540	0.1551
April	0.1552	0.1523	0.1540
May	0.1551	0.1518	0.1534
June	0.1551	0.1522	0.1536
July	0.1551	0.1522	0.1536
August	0.1556	0.1509	0.1536
September	0.1529	0.1494	0.1514
October	0.1533	0.1500	0.1521
November	0.1557	0.1516	0.1532
December	0.1571	0.1530	0.1552