2024 NOK to SAR Historical Review

YEARLY HIGH

0.3682 SAR

YEARLY LOW

0.3285 SAR

YEARLY AVERAGE

0.3491 SAR

2024 NOK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3682. Conversely, the yearly low was recorded on December 19, dropping to 0.3285.

This high-to-low spread represents a total annual volatility of 0.0397 SAR. From a start-to-finish perspective, comparing the January average rate of 0.3606 to the December average rate of 0.3345, the exchange rate registered a net change of -7.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3682 was down 4.17% compared to the 2023 peak of 0.3842, 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 1,841 SAR

2023 Average 1,778 SAR

Yearly Trough Low 1,642 SAR

Transaction Impact: A difference of 198.65 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3632

0.3319

JanuMarcMayJulySeptNove

NOK to SAR 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 0.3526, compared to 0.3456 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.3526

H2 Avg (Jul–Dec) 0.3456

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0178 SAR (High: 0.3577 / Low: 0.3399). On the other end, February was the most stable month, with a tight range of 0.0086 SAR (High: 0.3594 / Low: 0.3507).

May Spread (Volatile) ±0.0178

February Spread (Stable) ±0.0086

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 March and April, when the average rate fell by 0.0094 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3606) against the same month in 2023 (average: 0.3785), the exchange rate shifted by -0.0178 (-4.71%).

2024 Avg (January) 0.3606

2023 Avg (January) 0.3785

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3682	0.3563	0.3606
February	0.3594	0.3507	0.3555
March	0.3606	0.3456	0.3533
April	0.3514	0.3373	0.3439
May	0.3577	0.3399	0.3492
June	0.3589	0.3499	0.3534
July	0.3560	0.3401	0.3475
August	0.3586	0.3413	0.3508
September	0.3609	0.3456	0.3537
October	0.3549	0.3415	0.3469
November	0.3455	0.3368	0.3399
December	0.3403	0.3285	0.3345