2024 NOK to PEN Historical Review

YEARLY HIGH

0.3703 PEN

YEARLY LOW

0.3262 PEN

YEARLY AVERAGE

0.3492 PEN

2024 NOK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 0.3703. Conversely, the yearly low was recorded on December 26, dropping to 0.3262.

This high-to-low spread represents a total annual volatility of 0.0441 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3588 to the December average rate of 0.3323, the exchange rate registered a net change of -7.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3703 was down 6.40% compared to the 2023 peak of 0.3956, 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 1,851 PEN

2023 Average 1,772 PEN

Yearly Trough Low 1,631 PEN

Transaction Impact: A difference of 220.65 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3660

0.3292

JanuMarcMayJulySeptNove

NOK to PEN 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 0.3527, compared to 0.3457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 0.3527

H2 Avg (Jul–Dec) 0.3457

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0209 PEN (High: 0.3605 / Low: 0.3395). On the other end, November was the most stable month, with a tight range of 0.0085 PEN (High: 0.3466 / Low: 0.3381).

July Spread (Volatile) ±0.0209

November Spread (Stable) ±0.0085

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 February and March, when the average rate fell by 0.0129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3629) against the same month in 2023 (average: 0.3745), the exchange rate shifted by -0.0116 (-3.10%).

2024 Avg (February) 0.3629

2023 Avg (February) 0.3745

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3652	0.3537	0.3588
February	0.3703	0.3568	0.3629
March	0.3598	0.3415	0.3500
April	0.3464	0.3360	0.3407
May	0.3571	0.3401	0.3475
June	0.3624	0.3502	0.3564
July	0.3605	0.3395	0.3487
August	0.3582	0.3388	0.3492
September	0.3631	0.3507	0.3553
October	0.3517	0.3419	0.3465
November	0.3466	0.3381	0.3422
December	0.3393	0.3262	0.3323