2024 GNF to ISK Historical Review

YEARLY HIGH

0.0165 ISK

YEARLY LOW

0.0156 ISK

YEARLY AVERAGE

0.0160 ISK

2024 GNF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0165. Conversely, the yearly low was recorded on October 2, dropping to 0.0156.

This high-to-low spread represents a total annual volatility of 0.0009 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0159 to the December average rate of 0.0161, the exchange rate registered a net change of 0.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0165 was down 2.11% compared to the 2023 peak of 0.0169, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 83 ISK

2023 Average 80 ISK

Yearly Trough Low 78 ISK

Transaction Impact: A difference of 4.65 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0164

0.0158

JanuMarcMayJulySeptNove

GNF 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 0.0161, compared to 0.0160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0161

H2 Avg (Jul–Dec) 0.0160

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0005 ISK (High: 0.0162 / Low: 0.0157). On the other end, December was the most stable month, with a tight range of 0.0002 ISK (High: 0.0162 / Low: 0.0159).

March Spread (Volatile) ±0.0005

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0163) against the same month in 2023 (average: 0.0159), the exchange rate shifted by +0.0005 (+2.87%).

2024 Avg (April) 0.0163

2023 Avg (April) 0.0159

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0161	0.0157	0.0159
February	0.0161	0.0158	0.0160
March	0.0162	0.0157	0.0160
April	0.0165	0.0161	0.0163
May	0.0163	0.0160	0.0162
June	0.0162	0.0159	0.0161
July	0.0161	0.0159	0.0160
August	0.0161	0.0158	0.0160
September	0.0161	0.0156	0.0158
October	0.0160	0.0156	0.0158
November	0.0162	0.0158	0.0160
December	0.0162	0.0159	0.0161