2024 ZAR to NOK Historical Review

YEARLY HIGH

0.6292 NOK

YEARLY LOW

0.5455 NOK

YEARLY AVERAGE

0.5871 NOK

2024 ZAR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.6292. Conversely, the yearly low was recorded on February 26, dropping to 0.5455.

This high-to-low spread represents a total annual volatility of 0.0837 NOK. From a start-to-finish perspective, comparing the January average rate of 0.5546 to the December average rate of 0.6158, the exchange rate registered a net change of 11.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6292 was up 3.17% compared to the 2023 peak of 0.6098, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31,459 NOK

2023 Average 28,625 NOK

Yearly Trough Low 27,276 NOK

Transaction Impact: A difference of 4,182.85 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6222

0.5485

JanuMarcMayJulySeptNove

ZAR 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 0.5684, compared to 0.6058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0374 points.

H1 Avg (Jan–Jun) 0.5684

H2 Avg (Jul–Dec) 0.6058

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0351 NOK (High: 0.5942 / Low: 0.5591). On the other end, February was the most stable month, with a tight range of 0.0168 NOK (High: 0.5623 / Low: 0.5455).

May Spread (Volatile) ±0.0351

February Spread (Stable) ±0.0168

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.0066 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.6158) against the same month in 2023 (average: 0.5654), the exchange rate shifted by +0.0504 (+8.91%).

2024 Avg (December) 0.6158

2023 Avg (December) 0.5654

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5649	0.5479	0.5546
February	0.5623	0.5455	0.5547
March	0.5772	0.5511	0.5630
April	0.5917	0.5709	0.5776
May	0.5942	0.5591	0.5835
June	0.5905	0.5566	0.5769
July	0.6033	0.5728	0.5923
August	0.5990	0.5772	0.5923
September	0.6136	0.5943	0.6031
October	0.6247	0.6060	0.6161
November	0.6289	0.6041	0.6153
December	0.6292	0.6023	0.6158