2024 BWP to ISK Historical Review

YEARLY HIGH

10.4555 ISK

YEARLY LOW

9.8505 ISK

YEARLY AVERAGE

10.1765 ISK

2024 BWP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BWP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 10.4555. Conversely, the yearly low was recorded on May 1, dropping to 9.8505.

This high-to-low spread represents a total annual volatility of 0.6049 ISK. From a start-to-finish perspective, comparing the January average rate of 10.0815 to the December average rate of 10.1120, the exchange rate registered a net change of 0.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 10.4555 was down 7.59% compared to the 2023 peak of 11.3138, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,277 ISK

2023 Average 51,647 ISK

Yearly Trough Low 49,253 ISK

Transaction Impact: A difference of 3,024.68 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.3695

10.0132

JanuMarcMayJulySeptNove

BWP 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 10.1261, compared to 10.2269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1008 points.

H1 Avg (Jan–Jun) 10.1261

H2 Avg (Jul–Dec) 10.2269

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.4403 ISK (High: 10.3373 / Low: 9.8971). On the other end, September was the most stable month, with a tight range of 0.1794 ISK (High: 10.4291 / Low: 10.2497).

April Spread (Volatile) ±0.4403

September Spread (Stable) ±0.1794

Growth Streaks & Declines

Trends

Between March and May, 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 November and December, when the average rate fell by 0.0842 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0842

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 10.1963) against the same month in 2023 (average: 10.3496), the exchange rate shifted by -0.1533 (-1.48%).

2024 Avg (November) 10.1963

2023 Avg (November) 10.3496

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3051	9.8898	10.0815
February	10.1643	9.9568	10.0479
March	10.1594	9.9109	10.0429
April	10.3373	9.8971	10.2007
May	10.2833	9.8505	10.2041
June	10.3617	9.9937	10.1796
July	10.2903	10.1002	10.1650
August	10.4422	10.1073	10.2702
September	10.4291	10.2497	10.3398
October	10.3866	10.1928	10.2779
November	10.4555	10.0243	10.1963
December	10.3230	9.9353	10.1120