2024 NOK to SGD Historical Review

YEARLY HIGH

0.1296 SGD

YEARLY LOW

0.1190 SGD

YEARLY AVERAGE

0.1243 SGD

2024 NOK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1296. Conversely, the yearly low was recorded on December 19, dropping to 0.1190.

This high-to-low spread represents a total annual volatility of 0.0106 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1285 to the December average rate of 0.1203, the exchange rate registered a net change of -6.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1296 was down 5.32% compared to the 2023 peak of 0.1369, 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 648 SGD

2023 Average 636 SGD

Yearly Trough Low 595 SGD

Transaction Impact: A difference of 52.82 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1293

0.1195

JanuMarcMayJulySeptNove

NOK to SGD 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 0.1267, compared to 0.1220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.1267

H2 Avg (Jul–Dec) 0.1220

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0064 SGD (High: 0.1282 / Low: 0.1218). On the other end, November was the most stable month, with a tight range of 0.0021 SGD (High: 0.1220 / Low: 0.1199).

July Spread (Volatile) ±0.0064

November Spread (Stable) ±0.0021

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 0.0027 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1285) against the same month in 2023 (average: 0.1335), the exchange rate shifted by -0.0050 (-3.75%).

2024 Avg (January) 0.1285

2023 Avg (January) 0.1335

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1296	0.1274	0.1285
February	0.1292	0.1260	0.1275
March	0.1282	0.1243	0.1264
April	0.1262	0.1228	0.1244
May	0.1288	0.1233	0.1258
June	0.1288	0.1262	0.1274
July	0.1282	0.1218	0.1247
August	0.1244	0.1205	0.1230
September	0.1234	0.1201	0.1221
October	0.1225	0.1199	0.1211
November	0.1220	0.1199	0.1209
December	0.1216	0.1190	0.1203