2024 ISK to ETB Historical Review

YEARLY HIGH

0.9231 ETB

YEARLY LOW

0.4003 ETB

YEARLY AVERAGE

0.5971 ETB

2024 ISK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.9231. Conversely, the yearly low was recorded on April 16, dropping to 0.4003.

This high-to-low spread represents a total annual volatility of 0.5228 ETB. From a start-to-finish perspective, comparing the January average rate of 0.4122 to the December average rate of 0.9132, the exchange rate registered a net change of 121.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9231 was up 117.73% compared to the 2023 peak of 0.4240, 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 4,615 ETB

2023 Average 1,987 ETB

Yearly Trough Low 2,001 ETB

Transaction Impact: A difference of 2,613.98 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9639

0.3550

JanuMarcMayJulySeptNove

ISK to ETB 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 0.4117, compared to 0.7825 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3708 points.

H1 Avg (Jan–Jun) 0.4117

H2 Avg (Jul–Dec) 0.7825

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.2571 ETB (High: 0.8242 / Low: 0.5671). On the other end, February was the most stable month, with a tight range of 0.0086 ETB (High: 0.4164 / Low: 0.4078).

August Spread (Volatile) ±0.2571

February Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between 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 0.0078 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.9132) against the same month in 2023 (average: 0.4074), the exchange rate shifted by +0.5057 (+124.12%).

2024 Avg (December) 0.9132

2023 Avg (December) 0.4074

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4184	0.4062	0.4122
February	0.4164	0.4078	0.4111
March	0.4204	0.4077	0.4135
April	0.4102	0.4003	0.4057
May	0.4190	0.4080	0.4130
June	0.4191	0.4097	0.4146
July	0.5454	0.4136	0.4230
August	0.8242	0.5671	0.7472
September	0.8863	0.7979	0.8435
October	0.8941	0.8625	0.8798
November	0.9230	0.8727	0.8881
December	0.9231	0.8949	0.9132