2024 SAR to NOK Historical Review

YEARLY HIGH

3.0445 NOK

YEARLY LOW

2.7160 NOK

YEARLY AVERAGE

2.8659 NOK

2024 SAR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 3.0445. Conversely, the yearly low was recorded on January 1, dropping to 2.7160.

This high-to-low spread represents a total annual volatility of 0.3285 NOK. From a start-to-finish perspective, comparing the January average rate of 2.7731 to the December average rate of 2.9897, the exchange rate registered a net change of 7.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0445 was up 1.77% compared to the 2023 peak of 2.9917, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,223 NOK

2023 Average 14,076 NOK

Yearly Trough Low 13,580 NOK

Transaction Impact: A difference of 1,642.62 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0114

2.7515

JanuMarcMayJulySeptNove

SAR 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 2.8366, compared to 2.8953 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0587 points.

H1 Avg (Jan–Jun) 2.8366

H2 Avg (Jul–Dec) 2.8953

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1467 NOK (High: 2.9420 / Low: 2.7953). On the other end, February was the most stable month, with a tight range of 0.0686 NOK (High: 2.8514 / Low: 2.7828).

May Spread (Volatile) ±0.1467

February Spread (Stable) ±0.0686

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 April and May, when the average rate fell by 0.0444 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0444

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.9897) against the same month in 2023 (average: 2.8037), the exchange rate shifted by +0.1861 (+6.64%).

2024 Avg (December) 2.9897

2023 Avg (December) 2.8037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8069	2.7160	2.7731
February	2.8514	2.7828	2.8133
March	2.8933	2.7730	2.8308
April	2.9646	2.8456	2.9083
May	2.9420	2.7953	2.8639
June	2.8582	2.7864	2.8301
July	2.9402	2.8086	2.8783
August	2.9299	2.7886	2.8513
September	2.8936	2.7706	2.8274
October	2.9284	2.8178	2.8828
November	2.9695	2.8945	2.9420
December	3.0445	2.9382	2.9897