2024 SGD to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 8.4016. Conversely, the yearly low was recorded on January 1, dropping to 7.7167.
This high-to-low spread represents a total annual volatility of 0.6849 NOK. From a start-to-finish perspective, comparing the January average rate of 7.7849 to the December average rate of 8.3126, the exchange rate registered a net change of 6.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.4016 was up 1.48% compared to the 2023 peak of 8.2791, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD 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 7.8966, compared to 8.1976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3009 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.4121 NOK (High: 8.2113 / Low: 7.7992). On the other end, January was the most stable month, with a tight range of 0.1300 NOK (High: 7.8467 / Low: 7.7167).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1027 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 8.3126) against the same month in 2023 (average: 7.8980), the exchange rate shifted by +0.4146 (+5.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8467 | 7.7167 | 7.7849 |
| February | 7.9388 | 7.7398 | 7.8436 |
| March | 8.0476 | 7.8017 | 7.9147 |
| April | 8.1439 | 7.9246 | 8.0362 |
| May | 8.1121 | 7.7644 | 7.9516 |
| June | 7.9266 | 7.7650 | 7.8488 |
| July | 8.2113 | 7.7992 | 8.0234 |
| August | 8.2989 | 8.0398 | 8.1326 |
| September | 8.3233 | 8.1053 | 8.1884 |
| October | 8.3397 | 8.1627 | 8.2596 |
| November | 8.3433 | 8.1988 | 8.2687 |
| December | 8.4016 | 8.2251 | 8.3126 |