2024 PEN to NOK Historical Review

YEARLY HIGH

3.0659 NOK

YEARLY LOW

2.7005 NOK

YEARLY AVERAGE

2.8657 NOK

2024 PEN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 3.0659. Conversely, the yearly low was recorded on February 16, dropping to 2.7005.

This high-to-low spread represents a total annual volatility of 0.3654 NOK. From a start-to-finish perspective, comparing the January average rate of 2.7873 to the December average rate of 3.0098, the exchange rate registered a net change of 7.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0659 was up 0.73% compared to the 2023 peak of 3.0437, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,330 NOK

2023 Average 14,127 NOK

Yearly Trough Low 13,503 NOK

Transaction Impact: A difference of 1,826.91 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0352

2.7304

JanuMarcMayJulySeptNove

PEN 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 2.8370, compared to 2.8944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0575 points.

H1 Avg (Jan–Jun) 2.8370

H2 Avg (Jul–Dec) 2.8944

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.1710 NOK (High: 2.9452 / Low: 2.7742). On the other end, November was the most stable month, with a tight range of 0.0726 NOK (High: 2.9578 / Low: 2.8852).

July Spread (Volatile) ±0.1710

November Spread (Stable) ±0.0726

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0726 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0726

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 3.0098) against the same month in 2023 (average: 2.8144), the exchange rate shifted by +0.1953 (+6.94%).

2024 Avg (December) 3.0098

2023 Avg (December) 2.8144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8273	2.7384	2.7873
February	2.8024	2.7005	2.7558
March	2.9285	2.7795	2.8581
April	2.9758	2.8868	2.9357
May	2.9405	2.8005	2.8788
June	2.8559	2.7591	2.8062
July	2.9452	2.7742	2.8691
August	2.9518	2.7914	2.8647
September	2.8513	2.7539	2.8146
October	2.9247	2.8434	2.8861
November	2.9578	2.8852	2.9224
December	3.0659	2.9475	3.0098