2024 FJD to ISK Historical Review

YEARLY HIGH

62.7345 ISK

YEARLY LOW

59.3287 ISK

YEARLY AVERAGE

61.3347 ISK

2024 FJD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FJD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 1, valuing the pair at 62.7345. Conversely, the yearly low was recorded on December 17, dropping to 59.3287.

This high-to-low spread represents a total annual volatility of 3.4058 ISK. From a start-to-finish perspective, comparing the January average rate of 61.3021 to the December average rate of 60.1106, the exchange rate registered a net change of -1.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 62.7345 was down 6.16% compared to the 2023 peak of 66.8494, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 313,673 ISK

2023 Average 309,265 ISK

Yearly Trough Low 296,644 ISK

Transaction Impact: A difference of 17,028.90 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

62.2046

59.9203

JanuMarcMayJulySeptNove

FJD 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 61.4322, compared to 61.2373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1948 points.

H1 Avg (Jan–Jun) 61.4322

H2 Avg (Jul–Dec) 61.2373

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 2.1900 ISK (High: 62.2563 / Low: 60.0663). On the other end, July was the most stable month, with a tight range of 1.0280 ISK (High: 61.9522 / Low: 60.9242).

January Spread (Volatile) ±2.1900

July Spread (Stable) ±1.0280

Growth Streaks & Declines

Trends

Between July and September, 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 0.8028 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 62.0142) against the same month in 2023 (average: 59.5882), the exchange rate shifted by +2.4260 (+4.07%).

2024 Avg (September) 62.0142

2023 Avg (September) 59.5882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	62.2563	60.0663	61.3021
February	61.6500	60.5668	61.2381
March	61.7174	59.8902	60.9374
April	62.4391	61.1519	61.8880
May	62.2751	60.7760	61.5240
June	62.2995	60.6786	61.7034
July	61.9522	60.9242	61.3724
August	62.7209	60.8715	61.7565
September	62.7345	61.2753	62.0142
October	61.8830	60.0351	61.2567
November	61.9873	60.0575	60.9134
December	61.0941	59.3287	60.1106