2024 ISK to HKD Historical Review

YEARLY HIGH

0.0579 HKD

YEARLY LOW

0.0551 HKD

YEARLY AVERAGE

0.0566 HKD

2024 ISK to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.0579. Conversely, the yearly low was recorded on April 16, dropping to 0.0551.

This high-to-low spread represents a total annual volatility of 0.0028 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0571 to the December average rate of 0.0561, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0579 was down 3.75% compared to the 2023 peak of 0.0602, 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 290 HKD

2023 Average 284 HKD

Yearly Trough Low 276 HKD

Transaction Impact: A difference of 13.89 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0572

0.0557

JanuMarcMayJulySeptNove

ISK to HKD 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 0.0566, compared to 0.0566 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0566

H2 Avg (Jul–Dec) 0.0566

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0017 HKD (High: 0.0579 / Low: 0.0562). On the other end, July was the most stable month, with a tight range of 0.0009 HKD (High: 0.0571 / Low: 0.0563).

March Spread (Volatile) ±0.0017

July Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0570) against the same month in 2023 (average: 0.0561), the exchange rate shifted by +0.0009 (+1.64%).

2024 Avg (March) 0.0570

2023 Avg (March) 0.0561

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0579	0.0566	0.0571
February	0.0574	0.0563	0.0568
March	0.0579	0.0562	0.0570
April	0.0566	0.0551	0.0558
May	0.0569	0.0558	0.0563
June	0.0571	0.0559	0.0563
July	0.0571	0.0563	0.0567
August	0.0572	0.0561	0.0566
September	0.0577	0.0561	0.0569
October	0.0574	0.0562	0.0568
November	0.0571	0.0557	0.0564
December	0.0566	0.0556	0.0561