2024 IRR to ISK Historical Review

YEARLY HIGH

0.0034 ISK

YEARLY LOW

0.0032 ISK

YEARLY AVERAGE

0.0033 ISK

2024 IRR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IRR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0034. Conversely, the yearly low was recorded on September 26, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0002 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0033 to the December average rate of 0.0033, the exchange rate registered a net change of 0.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0034 was down 2.93% compared to the 2023 peak of 0.0035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17 ISK

2023 Average 16 ISK

Yearly Trough Low 16 ISK

Transaction Impact: A difference of 0.87 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0033

0.0032

JanuMarcMayJulySeptNove

IRR 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 0.0033, compared to 0.0033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0033

H2 Avg (Jul–Dec) 0.0033

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0001 ISK (High: 0.0033 / Low: 0.0032). On the other end, December was the most stable month, with a tight range of 0.0001 ISK (High: 0.0033 / Low: 0.0033).

March Spread (Volatile) ±0.0001

December Spread (Stable) ±0.0001

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 0.0000 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0033) against the same month in 2023 (average: 0.0032), the exchange rate shifted by +0.0001 (+3.21%).

2024 Avg (April) 0.0033

2023 Avg (April) 0.0032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0033	0.0032	0.0033
February	0.0033	0.0032	0.0033
March	0.0033	0.0032	0.0033
April	0.0034	0.0033	0.0033
May	0.0033	0.0033	0.0033
June	0.0033	0.0032	0.0033
July	0.0033	0.0032	0.0033
August	0.0033	0.0032	0.0033
September	0.0033	0.0032	0.0033
October	0.0033	0.0032	0.0032
November	0.0033	0.0032	0.0033
December	0.0033	0.0033	0.0033