2024 BND to ISK Historical Review

YEARLY HIGH

106.2880 ISK

YEARLY LOW

100.9961 ISK

YEARLY AVERAGE

103.2645 ISK

2024 BND to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 106.2880. Conversely, the yearly low was recorded on March 20, dropping to 100.9961.

This high-to-low spread represents a total annual volatility of 5.2919 ISK. From a start-to-finish perspective, comparing the January average rate of 102.5510 to the December average rate of 102.7304, the exchange rate registered a net change of 0.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 106.2880 was down 2.81% compared to the 2023 peak of 109.3620, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 531,440 ISK

2023 Average 513,539 ISK

Yearly Trough Low 504,981 ISK

Transaction Impact: A difference of 26,459.29 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

105.9460

101.9624

JanuMarcMayJulySeptNove

BND 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 102.6801, compared to 103.8489 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1688 points.

H1 Avg (Jan–Jun) 102.6801

H2 Avg (Jul–Dec) 103.8489

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 3.0227 ISK (High: 104.9140 / Low: 101.8914). On the other end, July was the most stable month, with a tight range of 1.1288 ISK (High: 102.8896 / Low: 101.7608).

November Spread (Volatile) ±3.0227

July Spread (Stable) ±1.1288

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 1.1869 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1869

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 105.6140) against the same month in 2023 (average: 99.3318), the exchange rate shifted by +6.2822 (+6.32%).

2024 Avg (September) 105.6140

2023 Avg (September) 99.3318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	103.9272	100.9973	102.5510
February	103.2279	101.8059	102.4329
March	103.3755	100.9961	102.3503
April	104.5818	102.6524	103.4284
May	103.6184	101.6004	102.7203
June	103.1704	101.5491	102.5978
July	102.8896	101.7608	102.2944
August	106.2153	103.6570	104.7078
September	106.2880	104.6955	105.6140
October	105.3064	103.2305	104.4271
November	104.9140	101.8914	103.3200
December	103.7091	101.9052	102.7304