2024 NOK to SBD Historical Review

YEARLY HIGH

0.8319 SBD

YEARLY LOW

0.7327 SBD

YEARLY AVERAGE

0.7838 SBD

2024 NOK to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.8319. Conversely, the yearly low was recorded on December 19, dropping to 0.7327.

This high-to-low spread represents a total annual volatility of 0.0992 SBD. From a start-to-finish perspective, comparing the January average rate of 0.8098 to the December average rate of 0.7461, the exchange rate registered a net change of -7.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8319 was down 1.63% compared to the 2023 peak of 0.8457, 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 4,160 SBD

2023 Average 3,955 SBD

Yearly Trough Low 3,664 SBD

Transaction Impact: A difference of 495.85 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8161

0.7398

JanuMarcMayJulySeptNove

NOK to SBD 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 0.7955, compared to 0.7720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0235 points.

H1 Avg (Jan–Jun) 0.7955

H2 Avg (Jul–Dec) 0.7720

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0518 SBD (High: 0.8319 / Low: 0.7801). On the other end, November was the most stable month, with a tight range of 0.0162 SBD (High: 0.7678 / Low: 0.7516).

March Spread (Volatile) ±0.0518

November Spread (Stable) ±0.0162

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 0.0202 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.7976) against the same month in 2023 (average: 0.7812), the exchange rate shifted by +0.0164 (+2.10%).

2024 Avg (March) 0.7976

2023 Avg (March) 0.7812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8273	0.7950	0.8098
February	0.8122	0.7879	0.8013
March	0.8319	0.7801	0.7976
April	0.7955	0.7626	0.7774
May	0.8084	0.7687	0.7901
June	0.8103	0.7897	0.7971
July	0.8007	0.7674	0.7828
August	0.8143	0.7719	0.7927
September	0.8000	0.7675	0.7862
October	0.7842	0.7539	0.7675
November	0.7678	0.7516	0.7567
December	0.7583	0.7327	0.7461