2024 NOK to SVC Historical Review

YEARLY HIGH

0.8615 SVC

YEARLY LOW

0.7649 SVC

YEARLY AVERAGE

0.8140 SVC

2024 NOK to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8615. Conversely, the yearly low was recorded on December 19, dropping to 0.7649.

This high-to-low spread represents a total annual volatility of 0.0966 SVC. From a start-to-finish perspective, comparing the January average rate of 0.8413 to the December average rate of 0.7789, the exchange rate registered a net change of -7.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8615 was down 3.64% compared to the 2023 peak of 0.8940, 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 4,308 SVC

2023 Average 4,145 SVC

Yearly Trough Low 3,825 SVC

Transaction Impact: A difference of 483.04 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8475

0.7727

JanuMarcMayJulySeptNove

NOK to SVC 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 0.8225, compared to 0.8054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 0.8225

H2 Avg (Jul–Dec) 0.8054

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0456 SVC (High: 0.8366 / Low: 0.7910). On the other end, February was the most stable month, with a tight range of 0.0186 SVC (High: 0.8377 / Low: 0.8192).

August Spread (Volatile) ±0.0456

February Spread (Stable) ±0.0186

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 0.0221 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0221

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.8413) against the same month in 2023 (average: 0.8817), the exchange rate shifted by -0.0404 (-4.58%).

2024 Avg (January) 0.8413

2023 Avg (January) 0.8817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8615	0.8304	0.8413
February	0.8377	0.8192	0.8295
March	0.8395	0.8057	0.8238
April	0.8198	0.7872	0.8017
May	0.8347	0.7928	0.8145
June	0.8367	0.8171	0.8243
July	0.8293	0.7934	0.8104
August	0.8366	0.7910	0.8173
September	0.8421	0.8056	0.8250
October	0.8271	0.7952	0.8089
November	0.8046	0.7826	0.7921
December	0.7933	0.7649	0.7789