2024 NOK to SEK Historical Review

YEARLY HIGH

1.0122 SEK

YEARLY LOW

0.9569 SEK

YEARLY AVERAGE

0.9834 SEK

2024 NOK to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 27, valuing the pair at 1.0122. Conversely, the yearly low was recorded on September 11, dropping to 0.9569.

This high-to-low spread represents a total annual volatility of 0.0553 SEK. From a start-to-finish perspective, comparing the January average rate of 0.9949 to the December average rate of 0.9790, the exchange rate registered a net change of -1.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0122 was down 4.93% compared to the 2023 peak of 1.0647, 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 5,061 SEK

2023 Average 5,027 SEK

Yearly Trough Low 4,785 SEK

Transaction Impact: A difference of 276.67 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0045

0.9598

JanuMarcMayJulySeptNove

NOK to SEK 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 0.9915, compared to 0.9754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0161 points.

H1 Avg (Jan–Jun) 0.9915

H2 Avg (Jul–Dec) 0.9754

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0413 SEK (High: 0.9995 / Low: 0.9582). On the other end, October was the most stable month, with a tight range of 0.0116 SEK (High: 0.9741 / Low: 0.9625).

November Spread (Volatile) ±0.0413

October Spread (Stable) ±0.0116

Growth Streaks & Declines

Trends

Between March and May, 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 July and August, when the average rate fell by 0.0133 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 1.0008) against the same month in 2023 (average: 0.9693), the exchange rate shifted by +0.0315 (+3.25%).

2024 Avg (May) 1.0008

2023 Avg (May) 0.9693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0031	0.9862	0.9949
February	1.0011	0.9755	0.9892
March	0.9909	0.9735	0.9821
April	0.9998	0.9853	0.9921
May	1.0122	0.9890	1.0008
June	1.0029	0.9805	0.9900
July	0.9981	0.9773	0.9849
August	0.9812	0.9580	0.9716
September	0.9728	0.9569	0.9635
October	0.9741	0.9625	0.9678
November	0.9995	0.9582	0.9854
December	0.9949	0.9642	0.9790