2024 AED to ISK Historical Review

YEARLY HIGH

38.6739 ISK

YEARLY LOW

36.7084 ISK

YEARLY AVERAGE

37.5631 ISK

2024 AED to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AED to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 38.6739. Conversely, the yearly low was recorded on September 26, dropping to 36.7084.

This high-to-low spread represents a total annual volatility of 1.9655 ISK. From a start-to-finish perspective, comparing the January average rate of 37.2747 to the December average rate of 37.7581, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 38.6739 was down 1.95% compared to the 2023 peak of 39.4423, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 193,370 ISK

2023 Average 187,691 ISK

Yearly Trough Low 183,542 ISK

Transaction Impact: A difference of 9,827.58 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

38.2866

37.1580

JanuMarcMayJulySeptNove

AED to ISK 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 37.6469, compared to 37.4793 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1676 points.

H1 Avg (Jan–Jun) 37.6469

H2 Avg (Jul–Dec) 37.4793

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.1555 ISK (High: 37.9302 / Low: 36.7748). On the other end, July was the most stable month, with a tight range of 0.6073 ISK (High: 37.8111 / Low: 37.2038).

March Spread (Volatile) ±1.1555

July Spread (Stable) ±0.6073

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 38.1926) against the same month in 2023 (average: 37.1678), the exchange rate shifted by +1.0248 (+2.76%).

2024 Avg (April) 38.1926

2023 Avg (April) 37.1678

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.5545	36.7824	37.2747
February	37.8066	37.0814	37.5001
March	37.9302	36.7748	37.3587
April	38.6739	37.6791	38.1926
May	38.1388	37.3790	37.7901
June	38.0125	37.3191	37.7653
July	37.8111	37.2038	37.4936
August	37.8410	37.0989	37.5058
September	37.8248	36.7084	37.2791
October	37.6504	36.8337	37.2520
November	38.0289	37.0759	37.5872
December	38.0616	37.4190	37.7581