2024 ISK to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ISK to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ISK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 7.4552. Conversely, the yearly low was recorded on January 3, dropping to 5.8772.
This high-to-low spread represents a total annual volatility of 1.5780 ARS. From a start-to-finish perspective, comparing the January average rate of 5.9728 to the December average rate of 7.3539, the exchange rate registered a net change of 23.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 7.4552 was up 25.01% compared to the 2023 peak of 5.9638, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ISK to ARS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.2182, compared to 7.0479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8297 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was September, with a trading range of 0.3107 ARS (High: 7.1738 / Low: 6.8632). On the other end, June was the most stable month, with a tight range of 0.0991 ARS (High: 6.5610 / Low: 6.4619).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0123 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 7.3539) against the same month in 2023 (average: 4.5980), the exchange rate shifted by +2.7559 (+59.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.0616 | 5.8772 | 5.9728 |
| February | 6.1107 | 5.9865 | 6.0560 |
| March | 6.2911 | 6.0967 | 6.1993 |
| April | 6.2499 | 6.1108 | 6.1870 |
| May | 6.5127 | 6.2384 | 6.3799 |
| June | 6.5610 | 6.4619 | 6.5140 |
| July | 6.7545 | 6.5771 | 6.6951 |
| August | 6.9379 | 6.7007 | 6.8284 |
| September | 7.1738 | 6.8632 | 7.0141 |
| October | 7.2379 | 7.1137 | 7.1572 |
| November | 7.3572 | 7.1453 | 7.2386 |
| December | 7.4552 | 7.2896 | 7.3539 |