2024 NZD to NOK Historical Review

YEARLY HIGH

6.6929 NOK

YEARLY LOW

6.3510 NOK

YEARLY AVERAGE

6.5029 NOK

2024 NZD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 6.6929. Conversely, the yearly low was recorded on January 27, dropping to 6.3510.

This high-to-low spread represents a total annual volatility of 0.3419 NOK. From a start-to-finish perspective, comparing the January average rate of 6.4207 to the December average rate of 6.4438, the exchange rate registered a net change of 0.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6.6929 was down 2.81% compared to the 2023 peak of 6.8862, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NZD based on timing:

Yearly Peak High 33,465 NOK

2023 Average 32,413 NOK

Yearly Trough Low 31,755 NOK

Transaction Impact: A difference of 1,709.59 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6.6237

6.4023

JanuMarcMayJulySeptNove

NZD to NOK 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 6.4766, compared to 6.5292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0526 points.

H1 Avg (Jan–Jun) 6.4766

H2 Avg (Jul–Dec) 6.5292

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.2014 NOK (High: 6.6288 / Low: 6.4273). On the other end, March was the most stable month, with a tight range of 0.0735 NOK (High: 6.4933 / Low: 6.4198).

August Spread (Volatile) ±0.2014

March Spread (Stable) ±0.0735

Growth Streaks & Declines

Trends

Between March and May, 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 November and December, when the average rate fell by 0.0834 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0834

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 6.6052) against the same month in 2023 (average: 6.3603), the exchange rate shifted by +0.2449 (+3.85%).

2024 Avg (September) 6.6052

2023 Avg (September) 6.3603

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.4784	6.3510	6.4207
February	6.5321	6.4028	6.4653
March	6.4933	6.4198	6.4491
April	6.5641	6.4440	6.4937
May	6.5889	6.4488	6.5194
June	6.5719	6.4494	6.5115
July	6.5705	6.4460	6.5124
August	6.6288	6.4273	6.5099
September	6.6929	6.5382	6.6052
October	6.6664	6.5222	6.5769
November	6.5981	6.4232	6.5272
December	6.5341	6.3674	6.4438