2024 NOK to RSD Historical Review

YEARLY HIGH

10.4153 RSD

YEARLY LOW

9.7170 RSD

YEARLY AVERAGE

10.0676 RSD

2024 NOK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 10.4153. Conversely, the yearly low was recorded on August 5, dropping to 9.7170.

This high-to-low spread represents a total annual volatility of 0.6982 RSD. From a start-to-finish perspective, comparing the January average rate of 10.3326 to the December average rate of 9.9450, the exchange rate registered a net change of -3.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 10.4153 was down 6.89% compared to the 2023 peak of 11.1862, 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 52,076 RSD

2023 Average 51,365 RSD

Yearly Trough Low 48,585 RSD

Transaction Impact: A difference of 3,491.24 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.3737

9.8802

JanuMarcMayJulySeptNove

NOK to RSD 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 10.1889, compared to 9.9464 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2425 points.

H1 Avg (Jan–Jun) 10.1889

H2 Avg (Jul–Dec) 9.9464

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.4988 RSD (High: 10.2765 / Low: 9.7778). On the other end, January was the most stable month, with a tight range of 0.1794 RSD (High: 10.4153 / Low: 10.2359).

July Spread (Volatile) ±0.4988

January Spread (Stable) ±0.1794

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 0.2572 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2572

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 10.3326) against the same month in 2023 (average: 10.9632), the exchange rate shifted by -0.6306 (-5.75%).

2024 Avg (January) 10.3326

2023 Avg (January) 10.9632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.4153	10.2359	10.3326
February	10.4066	10.2001	10.2912
March	10.2920	9.9961	10.1562
April	10.1070	9.8698	10.0152
May	10.2877	9.9396	10.0889
June	10.3707	10.0998	10.2495
July	10.2765	9.7778	9.9923
August	10.0569	9.7170	9.9233
September	10.0661	9.7786	9.9313
October	10.0176	9.7779	9.9213
November	10.1929	9.7544	9.9650
December	10.0635	9.8552	9.9450