2024 HKD to ISK Historical Review

YEARLY HIGH

18.1348 ISK

YEARLY LOW

17.2652 ISK

YEARLY AVERAGE

17.6813 ISK

2024 HKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 18.1348. Conversely, the yearly low was recorded on March 13, dropping to 17.2652.

This high-to-low spread represents a total annual volatility of 0.8696 ISK. From a start-to-finish perspective, comparing the January average rate of 17.5149 to the December average rate of 17.8405, the exchange rate registered a net change of 1.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 18.1348 was down 2.11% compared to the 2023 peak of 18.5266, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 453,370 ISK

2023 Average 440,252 ISK

Yearly Trough Low 431,630 ISK

Transaction Impact: A difference of 21,740.11 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.9512

17.4753

JanuMarcMayJulySeptNove

HKD 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 17.6839, compared to 17.6787 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 17.6839

H2 Avg (Jul–Dec) 17.6787

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.5317 ISK (High: 17.7969 / Low: 17.2652). On the other end, July was the most stable month, with a tight range of 0.2730 ISK (High: 17.7765 / Low: 17.5035).

March Spread (Volatile) ±0.5317

July Spread (Stable) ±0.2730

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1418 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1418

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 17.9115) against the same month in 2023 (average: 17.3890), the exchange rate shifted by +0.5225 (+3.00%).

2024 Avg (April) 17.9115

2023 Avg (April) 17.3890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.6667	17.2819	17.5149
February	17.7578	17.4163	17.6096
March	17.7969	17.2652	17.5375
April	18.1348	17.6685	17.9115
May	17.9266	17.5620	17.7697
June	17.8758	17.5285	17.7601
July	17.7765	17.5035	17.6336
August	17.8258	17.4771	17.6681
September	17.8153	17.3314	17.5743
October	17.7972	17.4220	17.6105
November	17.9436	17.5190	17.7450
December	17.9885	17.6615	17.8405