2024 NOK to TOP Historical Review

YEARLY HIGH

0.2288 TOP

YEARLY LOW

0.2093 TOP

YEARLY AVERAGE

0.2204 TOP

2024 NOK to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2288. Conversely, the yearly low was recorded on December 19, dropping to 0.2093.

This high-to-low spread represents a total annual volatility of 0.0195 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2265 to the December average rate of 0.2132, the exchange rate registered a net change of -5.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2288 was down 4.33% compared to the 2023 peak of 0.2392, 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 1,144 TOP

2023 Average 1,119 TOP

Yearly Trough Low 1,046 TOP

Transaction Impact: A difference of 97.70 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2278

0.2119

JanuMarcMayJulySeptNove

NOK to TOP 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 0.2226, compared to 0.2182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.2226

H2 Avg (Jul–Dec) 0.2182

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0090 TOP (High: 0.2242 / Low: 0.2153). On the other end, January was the most stable month, with a tight range of 0.0042 TOP (High: 0.2288 / Low: 0.2247).

July Spread (Volatile) ±0.0090

January Spread (Stable) ±0.0042

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 0.0045 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2265) against the same month in 2023 (average: 0.2347), the exchange rate shifted by -0.0082 (-3.50%).

2024 Avg (January) 0.2265

2023 Avg (January) 0.2347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2288	0.2247	0.2265
February	0.2282	0.2216	0.2244
March	0.2275	0.2190	0.2231
April	0.2224	0.2142	0.2186
May	0.2254	0.2164	0.2205
June	0.2260	0.2195	0.2222
July	0.2242	0.2153	0.2192
August	0.2249	0.2163	0.2210
September	0.2248	0.2162	0.2210
October	0.2211	0.2160	0.2183
November	0.2192	0.2146	0.2164
December	0.2170	0.2093	0.2132