2024 ISK to BIF Historical Review

YEARLY HIGH

21.5588 BIF

YEARLY LOW

20.1775 BIF

YEARLY AVERAGE

20.9085 BIF

2024 ISK to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 21.5588. Conversely, the yearly low was recorded on April 16, dropping to 20.1775.

This high-to-low spread represents a total annual volatility of 1.3813 BIF. From a start-to-finish perspective, comparing the January average rate of 20.8425 to the December average rate of 21.2549, the exchange rate registered a net change of 1.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.5588 was down 0.75% compared to the 2023 peak of 21.7225, 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 107,794 BIF

2023 Average 92,659 BIF

Yearly Trough Low 100,887 BIF

Transaction Impact: A difference of 6,906.52 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21.3373

20.3479

JanuMarcMayJulySeptNove

ISK to BIF 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 20.7170, compared to 21.1000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3831 points.

H1 Avg (Jan–Jun) 20.7170

H2 Avg (Jul–Dec) 21.1000

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.8026 BIF (High: 21.5286 / Low: 20.7259). On the other end, July was the most stable month, with a tight range of 0.3454 BIF (High: 21.0616 / Low: 20.7162).

November Spread (Volatile) ±0.8026

July Spread (Stable) ±0.3454

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.4216 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.4216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 21.2325) against the same month in 2023 (average: 20.4793), the exchange rate shifted by +0.7532 (+3.68%).

2024 Avg (October) 21.2325

2023 Avg (October) 20.4793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.0763	20.6504	20.8425
February	20.9912	20.5600	20.7631
March	21.1815	20.5335	20.8520
April	20.6721	20.1775	20.4304
May	20.9417	20.4778	20.6769
June	20.9624	20.5842	20.7369
July	21.0616	20.7162	20.9045
August	21.1214	20.7150	20.9111
September	21.5103	20.7496	21.1371
October	21.5588	20.9730	21.2325
November	21.5286	20.7259	21.1602
December	21.4572	20.9965	21.2549