2024 SEK to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 11, valuing the pair at 1.0450. Conversely, the yearly low was recorded on May 27, dropping to 0.9879.
This high-to-low spread represents a total annual volatility of 0.0571 NOK. From a start-to-finish perspective, comparing the January average rate of 1.0052 to the December average rate of 1.0215, the exchange rate registered a net change of 1.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.0450 was down 0.54% compared to the 2023 peak of 1.0507, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK to NOK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.0086, compared to 1.0254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0167 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.0431 NOK (High: 1.0436 / Low: 1.0005). On the other end, October was the most stable month, with a tight range of 0.0123 NOK (High: 1.0390 / Low: 1.0266).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0184 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1.0379) against the same month in 2023 (average: 0.9673), the exchange rate shifted by +0.0706 (+7.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.0140 | 0.9969 | 1.0052 |
| February | 1.0252 | 0.9989 | 1.0110 |
| March | 1.0272 | 1.0092 | 1.0183 |
| April | 1.0150 | 1.0002 | 1.0080 |
| May | 1.0112 | 0.9879 | 0.9993 |
| June | 1.0199 | 0.9971 | 1.0101 |
| July | 1.0232 | 1.0019 | 1.0154 |
| August | 1.0438 | 1.0192 | 1.0293 |
| September | 1.0450 | 1.0280 | 1.0379 |
| October | 1.0390 | 1.0266 | 1.0333 |
| November | 1.0436 | 1.0005 | 1.0149 |
| December | 1.0372 | 1.0051 | 1.0215 |