2024 NOK to SYP Historical Review

YEARLY HIGH

1148.5764 SYP

YEARLY LOW

219.6022 SYP

YEARLY AVERAGE

261.0917 SYP

2024 NOK to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1148.5764. Conversely, the yearly low was recorded on December 19, dropping to 219.6022.

This high-to-low spread represents a total annual volatility of 928.9742 SYP. From a start-to-finish perspective, comparing the January average rate of 241.6125 to the December average rate of 551.5762, the exchange rate registered a net change of 128.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1148.5764 was up 347.47% compared to the 2023 peak of 256.6802, 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 5,742,882 SYP

2023 Average 1,190,753 SYP

Yearly Trough Low 1,098,011 SYP

Transaction Impact: A difference of 4,644,871.15 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

583.9933

194.9887

JanuMarcMayJulySeptNove

NOK to SYP 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 236.2463, compared to 285.9371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 49.6908 points.

H1 Avg (Jan–Jun) 236.2463

H2 Avg (Jul–Dec) 285.9371

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 928.9742 SYP (High: 1148.5764 / Low: 219.6022). On the other end, February was the most stable month, with a tight range of 5.8189 SYP (High: 240.7630 / Low: 234.9440).

December Spread (Volatile) ±928.9742

February Spread (Stable) ±5.8189

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 6.3364 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -6.3364

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 551.5762) against the same month in 2023 (average: 239.1117), the exchange rate shifted by +312.4645 (+130.68%).

2024 Avg (December) 551.5762

2023 Avg (December) 239.1117

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	246.6873	238.6613	241.6125
February	240.7630	234.9440	238.1533
March	241.5797	231.5390	236.6988
April	235.4181	225.9673	230.3624
May	239.6574	227.6945	233.9588
June	240.4201	234.3829	236.6919
July	238.4754	227.7831	232.7641
August	240.1296	228.4336	234.8988
September	241.7213	231.3804	236.8505
October	237.5980	228.4674	232.1272
November	231.0985	225.2646	227.4058
December	1148.5764	219.6022	551.5762