2024 NOK to XOF Historical Review

YEARLY HIGH

58.3545 XOF

YEARLY LOW

54.4601 XOF

YEARLY AVERAGE

56.3973 XOF

2024 NOK to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 58.3545. Conversely, the yearly low was recorded on August 5, dropping to 54.4601.

This high-to-low spread represents a total annual volatility of 3.8945 XOF. From a start-to-finish perspective, comparing the January average rate of 57.8151 to the December average rate of 55.7764, the exchange rate registered a net change of -3.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 58.3545 was down 6.78% compared to the 2023 peak of 62.5962, 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 291,773 XOF

2023 Average 287,217 XOF

Yearly Trough Low 272,300 XOF

Transaction Impact: A difference of 19,472.31 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

58.0357

55.3888

JanuMarcMayJulySeptNove

NOK to XOF 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 57.0420, compared to 55.7527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2893 points.

H1 Avg (Jan–Jun) 57.0420

H2 Avg (Jul–Dec) 55.7527

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 2.8659 XOF (High: 57.5933 / Low: 54.7274). On the other end, January was the most stable month, with a tight range of 1.0949 XOF (High: 58.3545 / Low: 57.2597).

July Spread (Volatile) ±2.8659

January Spread (Stable) ±1.0949

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 June and July, when the average rate fell by 1.4325 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.4325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 57.8151) against the same month in 2023 (average: 61.2673), the exchange rate shifted by -3.4522 (-5.63%).

2024 Avg (January) 57.8151

2023 Avg (January) 61.2673

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	58.3545	57.2597	57.8151
February	58.2548	57.1052	57.5989
March	57.5926	56.0176	56.8423
April	56.6759	55.3102	56.0924
May	57.6061	55.4636	56.4838
June	58.1161	56.6863	57.4194
July	57.5933	54.7274	55.9869
August	56.3609	54.4601	55.6243
September	56.3905	54.8178	55.6546
October	56.1575	54.8021	55.6094
November	56.8645	54.5234	55.8646
December	56.4423	55.2183	55.7764