2024 ISK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ISK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ISK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 64.0932. Conversely, the yearly low was recorded on April 16, dropping to 60.4857.
This high-to-low spread represents a total annual volatility of 3.6075 GNF. From a start-to-finish perspective, comparing the January average rate of 62.7818 to the December average rate of 62.2331, the exchange rate registered a net change of -0.87% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 64.0932 was down 3.01% compared to the 2023 peak of 66.0790, 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 GNF 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 62.1786, compared to 62.6728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4942 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.9764 GNF (High: 63.6316 / Low: 61.6552). On the other end, December was the most stable month, with a tight range of 0.9441 GNF (High: 62.7473 / Low: 61.8032).
Growth Streaks & Declines
TrendsBetween 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 1.3833 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 63.1325) against the same month in 2023 (average: 62.0556), the exchange rate shifted by +1.0769 (+1.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 63.5655 | 62.2986 | 62.7818 |
| February | 63.2159 | 61.9217 | 62.4570 |
| March | 63.6316 | 61.6552 | 62.6350 |
| April | 61.9578 | 60.4857 | 61.2517 |
| May | 62.6829 | 61.3658 | 61.9134 |
| June | 62.7302 | 61.5958 | 62.0327 |
| July | 63.0099 | 61.9240 | 62.5136 |
| August | 63.3421 | 61.9942 | 62.5583 |
| September | 64.0595 | 62.1579 | 63.1089 |
| October | 64.0932 | 62.3902 | 63.1325 |
| November | 63.3547 | 61.6945 | 62.4905 |
| December | 62.7473 | 61.8032 | 62.2331 |