2024 BRL to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BRL to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BRL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 28.2599. Conversely, the yearly low was recorded on December 25, dropping to 20.7205.
This high-to-low spread represents a total annual volatility of 7.5394 ISK. From a start-to-finish perspective, comparing the January average rate of 27.8919 to the December average rate of 22.6611, the exchange rate registered a net change of -18.75% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 28.2599 was down 3.56% compared to the 2023 peak of 29.3029, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BRL 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 27.2101, compared to 24.1946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0154 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 2.6010 ISK (High: 23.3216 / Low: 20.7205). On the other end, February was the most stable month, with a tight range of 0.5315 ISK (High: 28.0327 / Low: 27.5013).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 1.3120 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 27.8919) against the same month in 2023 (average: 27.5531), the exchange rate shifted by +0.3388 (+1.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.2599 | 27.3598 | 27.8919 |
| February | 28.0327 | 27.5013 | 27.7434 |
| March | 27.8725 | 27.1732 | 27.5292 |
| April | 27.7056 | 26.8640 | 27.3639 |
| May | 27.5518 | 26.2014 | 27.0220 |
| June | 26.1994 | 24.7649 | 25.7100 |
| July | 25.4443 | 24.3913 | 24.8605 |
| August | 25.3426 | 24.0179 | 24.8040 |
| September | 25.1562 | 24.3980 | 24.7170 |
| October | 24.9710 | 23.6271 | 24.3412 |
| November | 24.3382 | 22.8102 | 23.7840 |
| December | 23.3216 | 20.7205 | 22.6611 |