2024 TRY to NOK Historical Review

YEARLY HIGH

0.3501 NOK

YEARLY LOW

0.3047 NOK

YEARLY AVERAGE

0.3274 NOK

2024 TRY to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.3501. Conversely, the yearly low was recorded on September 24, dropping to 0.3047.

This high-to-low spread represents a total annual volatility of 0.0455 NOK. From a start-to-finish perspective, comparing the January average rate of 0.3456 to the December average rate of 0.3209, the exchange rate registered a net change of -7.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3501 was down 38.20% compared to the 2023 peak of 0.5665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 17,507 NOK

2023 Average 22,828 NOK

Yearly Trough Low 15,233 NOK

Transaction Impact: A difference of 2,274.02 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3490

0.3080

JanuMarcMayJulySeptNove

TRY 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 0.3358, compared to 0.3191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0167 points.

H1 Avg (Jan–Jun) 0.3358

H2 Avg (Jul–Dec) 0.3191

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0230 NOK (High: 0.3304 / Low: 0.3074). On the other end, January was the most stable month, with a tight range of 0.0071 NOK (High: 0.3491 / Low: 0.3420).

August Spread (Volatile) ±0.0230

January Spread (Stable) ±0.0071

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0113 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0113

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3425) against the same month in 2023 (average: 0.5437), the exchange rate shifted by -0.2012 (-37.01%).

2024 Avg (February) 0.3425

2023 Avg (February) 0.5437

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3491	0.3420	0.3456
February	0.3501	0.3376	0.3425
March	0.3361	0.3256	0.3311
April	0.3431	0.3310	0.3371
May	0.3398	0.3259	0.3329
June	0.3310	0.3200	0.3256
July	0.3357	0.3222	0.3279
August	0.3304	0.3074	0.3175
September	0.3193	0.3047	0.3114
October	0.3206	0.3089	0.3160
November	0.3242	0.3164	0.3206
December	0.3254	0.3174	0.3209