2024 BAM to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BAM to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BAM to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 78.4960. Conversely, the yearly low was recorded on November 27, dropping to 73.7128.
This high-to-low spread represents a total annual volatility of 4.7832 ISK. From a start-to-finish perspective, comparing the January average rate of 76.4014 to the December average rate of 74.3134, the exchange rate registered a net change of -2.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 78.4960 was down 1.77% compared to the 2023 peak of 79.9092, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BAM to ISK 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 76.4501, compared to 76.2255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2246 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 2.7604 ISK (High: 76.4731 / Low: 73.7128). On the other end, July was the most stable month, with a tight range of 0.7367 ISK (High: 76.7550 / Low: 76.0183).
Growth Streaks & Declines
TrendsBetween June and September, 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 September and October, when the average rate fell by 1.5504 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 77.7884) against the same month in 2023 (average: 73.9945), the exchange rate shifted by +3.7939 (+5.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 77.2170 | 75.2633 | 76.4014 |
| February | 76.6057 | 75.5441 | 76.0463 |
| March | 76.9106 | 75.2691 | 76.2486 |
| April | 77.6939 | 76.4566 | 76.9730 |
| May | 77.0865 | 75.9328 | 76.6961 |
| June | 77.1750 | 75.9089 | 76.3349 |
| July | 76.7550 | 76.0183 | 76.4046 |
| August | 78.4032 | 76.3745 | 77.5408 |
| September | 78.4960 | 76.8045 | 77.7884 |
| October | 76.8609 | 75.6243 | 76.2381 |
| November | 76.4731 | 73.7128 | 75.0675 |
| December | 75.0287 | 73.8336 | 74.3134 |