2024 BOB to ISK Historical Review

YEARLY HIGH

20.5088 ISK

YEARLY LOW

19.4808 ISK

YEARLY AVERAGE

19.9595 ISK

2024 BOB to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 20.5088. Conversely, the yearly low was recorded on March 13, dropping to 19.4808.

This high-to-low spread represents a total annual volatility of 1.0279 ISK. From a start-to-finish perspective, comparing the January average rate of 19.8161 to the December average rate of 20.0704, the exchange rate registered a net change of 1.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.5088 was down 2.28% compared to the 2023 peak of 20.9877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 102,544 ISK

2023 Average 99,796 ISK

Yearly Trough Low 97,404 ISK

Transaction Impact: A difference of 5,139.64 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.3163

19.7256

JanuMarcMayJulySeptNove

BOB 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 20.0044, compared to 19.9146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0897 points.

H1 Avg (Jan–Jun) 20.0044

H2 Avg (Jul–Dec) 19.9146

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.6810 ISK (High: 20.1618 / Low: 19.4808). On the other end, July was the most stable month, with a tight range of 0.3133 ISK (High: 20.0985 / Low: 19.7852).

March Spread (Volatile) ±0.6810

July Spread (Stable) ±0.3133

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 0.1789 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1789

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 20.2671) against the same month in 2023 (average: 19.7570), the exchange rate shifted by +0.5101 (+2.58%).

2024 Avg (April) 20.2671

2023 Avg (April) 19.7570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.9806	19.5667	19.8161
February	20.0943	19.6742	19.9254
March	20.1618	19.4808	19.8577
April	20.5088	20.0361	20.2671
May	20.2672	19.8533	20.0883
June	20.2337	19.8500	20.0717
July	20.0985	19.7852	19.9341
August	20.1432	19.7146	19.9500
September	20.1087	19.4914	19.8060
October	20.0148	19.5515	19.7749
November	20.2194	19.7020	19.9525
December	20.2318	19.8759	20.0704