2024 BIF to ISK Historical Review

YEARLY HIGH

0.0496 ISK

YEARLY LOW

0.0464 ISK

YEARLY AVERAGE

0.0478 ISK

2024 BIF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0496. Conversely, the yearly low was recorded on October 14, dropping to 0.0464.

This high-to-low spread represents a total annual volatility of 0.0032 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0480 to the December average rate of 0.0470, the exchange rate registered a net change of -1.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0496 was down 29.35% compared to the 2023 peak of 0.0701, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 248 ISK

2023 Average 277 ISK

Yearly Trough Low 232 ISK

Transaction Impact: A difference of 15.88 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0491

0.0469

JanuMarcMayJulySeptNove

BIF 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 0.0483, compared to 0.0474 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0483

H2 Avg (Jul–Dec) 0.0474

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0018 ISK (High: 0.0482 / Low: 0.0464). On the other end, July was the most stable month, with a tight range of 0.0008 ISK (High: 0.0483 / Low: 0.0475).

November Spread (Volatile) ±0.0018

July Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0006 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0489) against the same month in 2023 (average: 0.0656), the exchange rate shifted by -0.0167 (-25.43%).

2024 Avg (April) 0.0489

2023 Avg (April) 0.0656

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0484	0.0474	0.0480
February	0.0486	0.0476	0.0482
March	0.0487	0.0472	0.0480
April	0.0496	0.0484	0.0489
May	0.0488	0.0478	0.0484
June	0.0486	0.0477	0.0482
July	0.0483	0.0475	0.0478
August	0.0483	0.0473	0.0478
September	0.0482	0.0465	0.0473
October	0.0477	0.0464	0.0471
November	0.0482	0.0464	0.0473
December	0.0476	0.0466	0.0470