2024 NOK to TZS Historical Review

YEARLY HIGH

262.7827 TZS

YEARLY LOW

207.3444 TZS

YEARLY AVERAGE

243.2763 TZS

2024 NOK to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 262.7827. Conversely, the yearly low was recorded on December 18, dropping to 207.3444.

This high-to-low spread represents a total annual volatility of 55.4383 TZS. From a start-to-finish perspective, comparing the January average rate of 242.3737 to the December average rate of 219.7217, the exchange rate registered a net change of -9.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 262.7827 was up 5.61% compared to the 2023 peak of 248.8138, 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 1,313,913 TZS

2023 Average 1,147,333 TZS

Yearly Trough Low 1,036,722 TZS

Transaction Impact: A difference of 277,191.58 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

260.6544

216.0006

JanuMarcMayJulySeptNove

NOK to TZS 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 241.5321, compared to 245.0205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4884 points.

H1 Avg (Jan–Jun) 241.5321

H2 Avg (Jul–Dec) 245.0205

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 30.9480 TZS (High: 238.2924 / Low: 207.3444). On the other end, February was the most stable month, with a tight range of 5.7917 TZS (High: 243.5778 / Low: 237.7861).

December Spread (Volatile) ±30.9480

February Spread (Stable) ±5.7917

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 21.6522 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -21.6522

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 256.9333) against the same month in 2023 (average: 233.5258), the exchange rate shifted by +23.4074 (+10.02%).

2024 Avg (September) 256.9333

2023 Avg (September) 233.5258

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	247.5474	238.8960	242.3737
February	243.5778	237.7861	240.8265
March	244.6508	236.4309	240.5311
April	241.4499	232.7582	236.8319
May	248.0048	235.9163	241.6332
June	250.9347	243.8579	246.9959
July	251.6347	242.9494	247.5228
August	259.4709	244.5435	252.8929
September	262.7827	250.4486	256.9333
October	257.6902	246.4236	251.6782
November	247.3864	236.9425	241.3739
December	238.2924	207.3444	219.7217