2024 RON to NOK Historical Review

YEARLY HIGH

2.4203 NOK

YEARLY LOW

2.2609 NOK

YEARLY AVERAGE

2.3382 NOK

2024 RON to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 2.4203. Conversely, the yearly low was recorded on January 1, dropping to 2.2609.

This high-to-low spread represents a total annual volatility of 0.1594 NOK. From a start-to-finish perspective, comparing the January average rate of 2.2805 to the December average rate of 2.3641, the exchange rate registered a net change of 3.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4203 was up 0.12% compared to the 2023 peak of 2.4174, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,102 NOK

2023 Average 11,545 NOK

Yearly Trough Low 11,305 NOK

Transaction Impact: A difference of 796.96 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3797

2.2715

JanuMarcMayJulySeptNove

RON 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 2.3118, compared to 2.3647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0528 points.

H1 Avg (Jan–Jun) 2.3118

H2 Avg (Jul–Dec) 2.3647

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.1206 NOK (High: 2.4091 / Low: 2.2885). On the other end, January was the most stable month, with a tight range of 0.0404 NOK (High: 2.3014 / Low: 2.2609).

July Spread (Volatile) ±0.1206

January Spread (Stable) ±0.0404

Growth Streaks & Declines

Trends

Between January and April, 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 0.0387 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0387

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.3692) against the same month in 2023 (average: 2.3119), the exchange rate shifted by +0.0573 (+2.48%).

2024 Avg (August) 2.3692

2023 Avg (August) 2.3119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3014	2.2609	2.2805
February	2.3149	2.2623	2.2891
March	2.3554	2.2917	2.3210
April	2.3836	2.3275	2.3511
May	2.3765	2.2883	2.3340
June	2.3257	2.2684	2.2953
July	2.4091	2.2885	2.3563
August	2.4203	2.3380	2.3692
September	2.4057	2.3377	2.3690
October	2.4060	2.3469	2.3707
November	2.4101	2.3053	2.3586
December	2.3877	2.3359	2.3641