2024 NOK to XCD Historical Review

YEARLY HIGH

0.2653 XCD

YEARLY LOW

0.2362 XCD

YEARLY AVERAGE

0.2515 XCD

2024 NOK to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2653. Conversely, the yearly low was recorded on December 19, dropping to 0.2362.

This high-to-low spread represents a total annual volatility of 0.0291 XCD. From a start-to-finish perspective, comparing the January average rate of 0.2599 to the December average rate of 0.2407, 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 0.2653 was down 3.89% compared to the 2023 peak of 0.2761, 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 1,327 XCD

2023 Average 1,281 XCD

Yearly Trough Low 1,181 XCD

Transaction Impact: A difference of 145.67 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2618

0.2387

JanuMarcMayJulySeptNove

NOK to XCD 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 0.2541, compared to 0.2488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.2541

H2 Avg (Jul–Dec) 0.2488

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0129 XCD (High: 0.2578 / Low: 0.2449). On the other end, February was the most stable month, with a tight range of 0.0063 XCD (High: 0.2590 / Low: 0.2527).

May Spread (Volatile) ±0.0129

February Spread (Stable) ±0.0063

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 0.0068 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2599) against the same month in 2023 (average: 0.2723), the exchange rate shifted by -0.0124 (-4.56%).

2024 Avg (January) 0.2599

2023 Avg (January) 0.2723

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2653	0.2567	0.2599
February	0.2590	0.2527	0.2562
March	0.2599	0.2491	0.2546
April	0.2532	0.2431	0.2478
May	0.2578	0.2449	0.2517
June	0.2586	0.2521	0.2546
July	0.2565	0.2450	0.2504
August	0.2583	0.2457	0.2527
September	0.2600	0.2489	0.2548
October	0.2556	0.2457	0.2497
November	0.2486	0.2423	0.2446
December	0.2449	0.2362	0.2407