2024 ISK to AFN Historical Review

YEARLY HIGH

0.5474 AFN

YEARLY LOW

0.4729 AFN

YEARLY AVERAGE

0.5111 AFN

2024 ISK to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.5474. Conversely, the yearly low was recorded on October 17, dropping to 0.4729.

This high-to-low spread represents a total annual volatility of 0.0745 AFN. From a start-to-finish perspective, comparing the January average rate of 0.5225 to the December average rate of 0.5006, the exchange rate registered a net change of -4.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5474 was down 18.51% compared to the 2023 peak of 0.6717, 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 2,737 AFN

2023 Average 3,001 AFN

Yearly Trough Low 2,364 AFN

Transaction Impact: A difference of 372.57 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5353

0.4861

JanuMarcMayJulySeptNove

ISK to AFN 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 0.5194, compared to 0.5028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0167 points.

H1 Avg (Jan–Jun) 0.5194

H2 Avg (Jul–Dec) 0.5028

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0355 AFN (High: 0.5084 / Low: 0.4729). On the other end, July was the most stable month, with a tight range of 0.0092 AFN (High: 0.5175 / Low: 0.5083).

October Spread (Volatile) ±0.0355

July Spread (Stable) ±0.0092

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.0172 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.5312) against the same month in 2023 (average: 0.6267), the exchange rate shifted by -0.0955 (-15.23%).

2024 Avg (February) 0.5312

2023 Avg (February) 0.6267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5415	0.5075	0.5225
February	0.5474	0.5245	0.5312
March	0.5353	0.5115	0.5261
April	0.5183	0.5063	0.5118
May	0.5237	0.5098	0.5164
June	0.5220	0.5013	0.5085
July	0.5175	0.5083	0.5138
August	0.5211	0.5093	0.5139
September	0.5161	0.5024	0.5076
October	0.5084	0.4729	0.4904
November	0.4968	0.4832	0.4902
December	0.5095	0.4885	0.5006