2024 NOK to USD Historical Review

YEARLY HIGH

0.0982 USD

YEARLY LOW

0.0874 USD

YEARLY AVERAGE

0.0930 USD

2024 NOK to USD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to USD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0982. Conversely, the yearly low was recorded on December 19, dropping to 0.0874.

This high-to-low spread represents a total annual volatility of 0.0108 USD. From a start-to-finish perspective, comparing the January average rate of 0.0962 to the December average rate of 0.0890, the exchange rate registered a net change of -7.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0982 was down 3.89% compared to the 2023 peak of 0.1022, 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 491 USD

2023 Average 474 USD

Yearly Trough Low 437 USD

Transaction Impact: A difference of 53.90 USD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0969

0.0883

JanuMarcMayJulySeptNove

NOK to USD 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 0.0940, compared to 0.0921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0940

H2 Avg (Jul–Dec) 0.0921

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0048 USD (High: 0.0954 / Low: 0.0906). On the other end, February was the most stable month, with a tight range of 0.0023 USD (High: 0.0958 / Low: 0.0935).

May Spread (Volatile) ±0.0048

February Spread (Stable) ±0.0023

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 0.0025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0962) against the same month in 2023 (average: 0.1008), the exchange rate shifted by -0.0046 (-4.56%).

2024 Avg (January) 0.0962

2023 Avg (January) 0.1008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0982	0.0950	0.0962
February	0.0958	0.0935	0.0948
March	0.0961	0.0922	0.0942
April	0.0937	0.0899	0.0917
May	0.0954	0.0906	0.0931
June	0.0957	0.0933	0.0942
July	0.0949	0.0907	0.0926
August	0.0956	0.0909	0.0935
September	0.0962	0.0921	0.0943
October	0.0946	0.0909	0.0924
November	0.0920	0.0897	0.0905
December	0.0906	0.0874	0.0890