2024 NOK to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2058.8449. Conversely, the yearly low was recorded on December 19, dropping to 1832.7933.
This high-to-low spread represents a total annual volatility of 226.0516 SLL. From a start-to-finish perspective, comparing the January average rate of 2016.4908 to the December average rate of 1867.2860, the exchange rate registered a net change of -7.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 2058.8449 was down 0.82% compared to the 2023 peak of 2075.9063, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1971.7043, compared to 1930.3971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 41.3072 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 99.8423 SLL (High: 2000.1736 / Low: 1900.3313). On the other end, February was the most stable month, with a tight range of 48.5648 SLL (High: 2009.4004 / Low: 1960.8357).
Growth Streaks & Declines
TrendsBetween 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 52.8833 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 2016.4908) against the same month in 2023 (average: 1779.8914), the exchange rate shifted by +236.5995 (+13.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2058.8449 | 1991.8604 | 2016.4908 |
| February | 2009.4004 | 1960.8357 | 1987.6201 |
| March | 2016.2172 | 1932.4178 | 1975.4808 |
| April | 1964.7924 | 1885.9160 | 1922.5975 |
| May | 2000.1736 | 1900.3313 | 1952.6134 |
| June | 2006.5393 | 1956.1524 | 1975.4232 |
| July | 1990.3083 | 1901.0712 | 1942.6422 |
| August | 2004.1140 | 1906.4998 | 1960.4585 |
| September | 2017.3985 | 1931.0941 | 1976.7475 |
| October | 1982.9854 | 1906.7819 | 1937.3268 |
| November | 1928.7410 | 1880.0518 | 1897.9216 |
| December | 1899.9103 | 1832.7933 | 1867.2860 |