2024 NOK to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 56.2670. Conversely, the yearly low was recorded on December 19, dropping to 49.9632.
This high-to-low spread represents a total annual volatility of 6.3038 SOS. From a start-to-finish perspective, comparing the January average rate of 54.9327 to the December average rate of 50.8760, the exchange rate registered a net change of -7.38% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 56.2670 was down 3.18% compared to the 2023 peak of 58.1180, 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 SOS 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 53.7214, compared to 52.5919 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1294 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.8695 SOS (High: 54.5965 / Low: 51.7269). On the other end, February was the most stable month, with a tight range of 1.2189 SOS (High: 54.7160 / Low: 53.4971).
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 1.4373 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 54.9327) against the same month in 2023 (average: 57.3009), the exchange rate shifted by -2.3682 (-4.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 56.2670 | 54.2611 | 54.9327 |
| February | 54.7160 | 53.4971 | 54.1910 |
| March | 54.8134 | 52.6525 | 53.8194 |
| April | 53.5489 | 51.4110 | 52.3821 |
| May | 54.5131 | 51.7008 | 53.1763 |
| June | 54.6441 | 53.3281 | 53.8268 |
| July | 54.1618 | 51.7881 | 52.9158 |
| August | 54.5965 | 51.7269 | 53.3397 |
| September | 54.9748 | 52.6010 | 53.8702 |
| October | 54.0134 | 51.9306 | 52.8118 |
| November | 52.5391 | 51.1760 | 51.7381 |
| December | 51.8031 | 49.9632 | 50.8760 |