2024 SCR to NOK Historical Review

YEARLY HIGH

0.8349 NOK

YEARLY LOW

0.7181 NOK

YEARLY AVERAGE

0.7868 NOK

2024 SCR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SCR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 0.8349. Conversely, the yearly low was recorded on October 14, dropping to 0.7181.

This high-to-low spread represents a total annual volatility of 0.1168 NOK. From a start-to-finish perspective, comparing the January average rate of 0.7773 to the December average rate of 0.7962, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8349 was down 4.91% compared to the 2023 peak of 0.8780, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,174 NOK

2023 Average 3,932 NOK

Yearly Trough Low 3,590 NOK

Transaction Impact: A difference of 584.07 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8073

0.7652

JanuMarcMayJulySeptNove

SCR 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 0.7834, compared to 0.7902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.7834

H2 Avg (Jul–Dec) 0.7902

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.1168 NOK (High: 0.8349 / Low: 0.7181). On the other end, April was the most stable month, with a tight range of 0.0486 NOK (High: 0.8156 / Low: 0.7670).

October Spread (Volatile) ±0.1168

April Spread (Stable) ±0.0486

Growth Streaks & Declines

Trends

Between August and November, 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 0.0178 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0178

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.7901) against the same month in 2023 (average: 0.8258), the exchange rate shifted by -0.0357 (-4.33%).

2024 Avg (October) 0.7901

2023 Avg (October) 0.8258

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8044	0.7416	0.7773
February	0.8097	0.7602	0.7840
March	0.8030	0.7384	0.7812
April	0.8156	0.7670	0.8027
May	0.8126	0.7613	0.7865
June	0.7878	0.7208	0.7687
July	0.8099	0.7546	0.7827
August	0.8250	0.7299	0.7795
September	0.8148	0.7579	0.7890
October	0.8349	0.7181	0.7901
November	0.8232	0.7743	0.8038
December	0.8340	0.7351	0.7962