2024 NOK to YER Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to YER Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 24.5683. Conversely, the yearly low was recorded on December 19, dropping to 21.8396.
This high-to-low spread represents a total annual volatility of 2.7287 YER. From a start-to-finish perspective, comparing the January average rate of 24.0738 to the December average rate of 22.2684, the exchange rate registered a net change of -7.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.5683 was down 3.92% compared to the 2023 peak of 25.5707, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to YER Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.5379, compared to 23.0354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5025 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.1920 YER (High: 23.8796 / Low: 22.6876). On the other end, February was the most stable month, with a tight range of 0.5750 YER (High: 23.9850 / Low: 23.4100).
Growth Streaks & Declines
TrendsBetween 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 0.6305 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 24.0738) against the same month in 2023 (average: 25.2224), the exchange rate shifted by -1.1486 (-4.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5683 | 23.7827 | 24.0738 |
| February | 23.9850 | 23.4100 | 23.7244 |
| March | 24.0711 | 23.0707 | 23.5857 |
| April | 23.4595 | 22.5178 | 22.9553 |
| May | 23.8796 | 22.6876 | 23.3022 |
| June | 23.9580 | 23.3610 | 23.5860 |
| July | 23.7642 | 22.6965 | 23.1925 |
| August | 23.9234 | 22.7635 | 23.4046 |
| September | 24.0804 | 23.0549 | 23.5981 |
| October | 23.6720 | 22.7624 | 23.1288 |
| November | 22.9808 | 22.3995 | 22.6199 |
| December | 22.6871 | 21.8396 | 22.2684 |