2024 NOK to SDG Historical Review

YEARLY HIGH

59.0079 SDG

YEARLY LOW

51.7008 SDG

YEARLY AVERAGE

55.6471 SDG

2024 NOK to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 59.0079. Conversely, the yearly low was recorded on May 1, dropping to 51.7008.

This high-to-low spread represents a total annual volatility of 7.3071 SDG. From a start-to-finish perspective, comparing the January average rate of 57.7940 to the December average rate of 53.5622, the exchange rate registered a net change of -7.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 59.0079 was down 2.30% compared to the 2023 peak of 60.3939, 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 295,039 SDG

2023 Average 282,546 SDG

Yearly Trough Low 258,504 SDG

Transaction Impact: A difference of 36,535.63 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

58.2172

53.1390

JanuMarcMayJulySeptNove

NOK to SDG 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 56.0248, compared to 55.2695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7552 points.

H1 Avg (Jan–Jun) 56.0248

H2 Avg (Jul–Dec) 55.2695

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 5.6256 SDG (High: 57.3263 / Low: 51.7008). On the other end, November was the most stable month, with a tight range of 1.3966 SDG (High: 55.3250 / Low: 53.9284).

May Spread (Volatile) ±5.6256

November Spread (Stable) ±1.3966

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 2.1608 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.1608

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 57.7940) against the same month in 2023 (average: 58.1233), the exchange rate shifted by -0.3293 (-0.57%).

2024 Avg (January) 57.7940

2023 Avg (January) 58.1233

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.0079	57.0881	57.7940
February	57.5908	56.1521	56.9584
March	57.7861	54.4802	55.9326
April	54.9068	52.7026	53.7717
May	57.3263	51.7008	55.7800
June	57.2638	54.6654	55.9118
July	57.0436	53.1261	55.1058
August	57.4870	54.6870	56.2348
September	57.8681	55.3925	56.7020
October	56.8810	54.6951	55.5713
November	55.3250	53.9284	54.4410
December	54.4980	52.5728	53.5622