2024 DOP to ISK Historical Review

YEARLY HIGH

2.4129 ISK

YEARLY LOW

2.2362 ISK

YEARLY AVERAGE

2.3216 ISK

2024 DOP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 2.4129. Conversely, the yearly low was recorded on October 2, dropping to 2.2362.

This high-to-low spread represents a total annual volatility of 0.1767 ISK. From a start-to-finish perspective, comparing the January average rate of 2.3365 to the December average rate of 2.2850, the exchange rate registered a net change of -2.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4129 was down 7.08% compared to the 2023 peak of 2.5968, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,065 ISK

2023 Average 12,316 ISK

Yearly Trough Low 11,181 ISK

Transaction Impact: A difference of 883.41 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3847

2.2573

JanuMarcMayJulySeptNove

DOP 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 2.3496, compared to 2.2937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0559 points.

H1 Avg (Jan–Jun) 2.3496

H2 Avg (Jul–Dec) 2.2937

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0931 ISK (High: 2.4129 / Low: 2.3198). On the other end, December was the most stable month, with a tight range of 0.0290 ISK (High: 2.2996 / Low: 2.2707).

May Spread (Volatile) ±0.0931

December Spread (Stable) ±0.0290

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 May and June, when the average rate fell by 0.0329 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0329

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 2.3740) against the same month in 2023 (average: 2.5391), the exchange rate shifted by -0.1651 (-6.50%).

2024 Avg (May) 2.3740

2023 Avg (May) 2.5391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3798	2.3007	2.3365
February	2.3693	2.3163	2.3465
March	2.3545	2.2860	2.3252
April	2.4014	2.3415	2.3741
May	2.4129	2.3198	2.3740
June	2.3669	2.3154	2.3411
July	2.3499	2.3096	2.3282
August	2.3400	2.2774	2.3113
September	2.3289	2.2370	2.2819
October	2.2924	2.2362	2.2679
November	2.3182	2.2518	2.2877
December	2.2996	2.2707	2.2850