2024 GMD to ISK Historical Review

YEARLY HIGH

2.0910 ISK

YEARLY LOW

1.9046 ISK

YEARLY AVERAGE

2.0059 ISK

2024 GMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.0910. Conversely, the yearly low was recorded on November 5, dropping to 1.9046.

This high-to-low spread represents a total annual volatility of 0.1864 ISK. From a start-to-finish perspective, comparing the January average rate of 2.0345 to the December average rate of 1.9313, the exchange rate registered a net change of -5.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0910 was down 11.81% compared to the 2023 peak of 2.3710, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,455 ISK

2023 Average 11,082 ISK

Yearly Trough Low 9,523 ISK

Transaction Impact: A difference of 931.84 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0794

1.9178

JanuMarcMayJulySeptNove

GMD 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 2.0421, compared to 1.9697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0724 points.

H1 Avg (Jan–Jun) 2.0421

H2 Avg (Jul–Dec) 1.9697

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0874 ISK (High: 2.0141 / Low: 1.9266). On the other end, February was the most stable month, with a tight range of 0.0303 ISK (High: 2.0511 / Low: 2.0208).

August Spread (Volatile) ±0.0874

February Spread (Stable) ±0.0303

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 0.0576 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0576

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.0659) against the same month in 2023 (average: 2.2072), the exchange rate shifted by -0.1413 (-6.40%).

2024 Avg (April) 2.0659

2023 Avg (April) 2.2072

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0518	2.0089	2.0345
February	2.0511	2.0208	2.0375
March	2.0510	1.9885	2.0198
April	2.0910	2.0371	2.0659
May	2.0668	2.0264	2.0481
June	2.0608	2.0232	2.0470
July	2.0499	1.9899	2.0303
August	2.0141	1.9266	1.9727
September	1.9996	1.9306	1.9684
October	2.0073	1.9336	1.9750
November	1.9673	1.9046	1.9404
December	1.9544	1.9151	1.9313