2024 ISK to AED Historical Review

YEARLY HIGH

0.0272 AED

YEARLY LOW

0.0259 AED

YEARLY AVERAGE

0.0266 AED

2024 ISK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.0272. Conversely, the yearly low was recorded on April 16, dropping to 0.0259.

This high-to-low spread represents a total annual volatility of 0.0014 AED. From a start-to-finish perspective, comparing the January average rate of 0.0268 to the December average rate of 0.0265, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0272 was down 3.30% compared to the 2023 peak of 0.0282, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 136 AED

2023 Average 133 AED

Yearly Trough Low 129 AED

Transaction Impact: A difference of 6.92 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0269

0.0261

JanuMarcMayJulySeptNove

ISK to AED 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 0.0266, compared to 0.0267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0266

H2 Avg (Jul–Dec) 0.0267

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0008 AED (High: 0.0272 / Low: 0.0264). On the other end, July was the most stable month, with a tight range of 0.0004 AED (High: 0.0269 / Low: 0.0264).

March Spread (Volatile) ±0.0008

July Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0268) against the same month in 2023 (average: 0.0271), the exchange rate shifted by -0.0003 (-1.18%).

2024 Avg (September) 0.0268

2023 Avg (September) 0.0271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0272	0.0266	0.0268
February	0.0270	0.0265	0.0267
March	0.0272	0.0264	0.0268
April	0.0265	0.0259	0.0262
May	0.0268	0.0262	0.0265
June	0.0268	0.0263	0.0265
July	0.0269	0.0264	0.0267
August	0.0270	0.0264	0.0267
September	0.0272	0.0264	0.0268
October	0.0271	0.0266	0.0268
November	0.0270	0.0263	0.0266
December	0.0267	0.0263	0.0265