2024 ETB to ISK Historical Review

YEARLY HIGH

2.4983 ISK

YEARLY LOW

1.0833 ISK

YEARLY AVERAGE

1.9038 ISK

2024 ETB to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.4983. Conversely, the yearly low was recorded on December 30, dropping to 1.0833.

This high-to-low spread represents a total annual volatility of 1.4150 ISK. From a start-to-finish perspective, comparing the January average rate of 2.4264 to the December average rate of 1.0951, the exchange rate registered a net change of -54.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4983 was down 7.40% compared to the 2023 peak of 2.6981, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,492 ISK

2023 Average 12,597 ISK

Yearly Trough Low 5,417 ISK

Transaction Impact: A difference of 7,074.90 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6019

0.9582

JanuMarcMayJulySeptNove

ETB 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 2.4293, compared to 1.3784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0509 points.

H1 Avg (Jan–Jun) 2.4293

H2 Avg (Jul–Dec) 1.3784

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.5843 ISK (High: 2.4180 / Low: 1.8336). On the other end, December was the most stable month, with a tight range of 0.0341 ISK (High: 1.1175 / Low: 1.0833).

July Spread (Volatile) ±0.5843

December Spread (Stable) ±0.0341

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 July and August, when the average rate fell by 1.0133 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.0133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.4650) against the same month in 2023 (average: 2.5196), the exchange rate shifted by -0.0546 (-2.17%).

2024 Avg (April) 2.4650

2023 Avg (April) 2.5196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4618	2.3900	2.4264
February	2.4523	2.4016	2.4325
March	2.4527	2.3790	2.4185
April	2.4983	2.4380	2.4650
May	2.4513	2.3867	2.4211
June	2.4406	2.3862	2.4122
July	2.4180	1.8336	2.3694
August	1.7633	1.2133	1.3561
September	1.2533	1.1283	1.1868
October	1.1594	1.1184	1.1368
November	1.1459	1.0834	1.1262
December	1.1175	1.0833	1.0951