2024 NOK to RON Historical Review

YEARLY HIGH

0.4423 RON

YEARLY LOW

0.4132 RON

YEARLY AVERAGE

0.4278 RON

2024 NOK to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4423. Conversely, the yearly low was recorded on August 5, dropping to 0.4132.

This high-to-low spread represents a total annual volatility of 0.0291 RON. From a start-to-finish perspective, comparing the January average rate of 0.4385 to the December average rate of 0.4230, the exchange rate registered a net change of -3.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4423 was down 6.59% compared to the 2023 peak of 0.4735, 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 2,211 RON

2023 Average 2,167 RON

Yearly Trough Low 2,066 RON

Transaction Impact: A difference of 145.64 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4402

0.4202

JanuMarcMayJulySeptNove

NOK to RON 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 0.4326, compared to 0.4229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0097 points.

H1 Avg (Jan–Jun) 0.4326

H2 Avg (Jul–Dec) 0.4229

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0219 RON (High: 0.4370 / Low: 0.4151). On the other end, January was the most stable month, with a tight range of 0.0078 RON (High: 0.4423 / Low: 0.4345).

July Spread (Volatile) ±0.0219

January Spread (Stable) ±0.0078

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 June and July, when the average rate fell by 0.0112 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4385) against the same month in 2023 (average: 0.4602), the exchange rate shifted by -0.0217 (-4.72%).

2024 Avg (January) 0.4385

2023 Avg (January) 0.4602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4423	0.4345	0.4385
February	0.4420	0.4320	0.4369
March	0.4364	0.4246	0.4309
April	0.4297	0.4195	0.4254
May	0.4370	0.4208	0.4285
June	0.4408	0.4300	0.4357
July	0.4370	0.4151	0.4245
August	0.4277	0.4132	0.4221
September	0.4278	0.4157	0.4221
October	0.4261	0.4156	0.4218
November	0.4338	0.4149	0.4240
December	0.4281	0.4188	0.4230