2024 ISK to IDR Historical Review

YEARLY HIGH

118.7189 IDR

YEARLY LOW

111.2312 IDR

YEARLY AVERAGE

114.9948 IDR

2024 ISK to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 118.7189. Conversely, the yearly low was recorded on September 22, dropping to 111.2312.

This high-to-low spread represents a total annual volatility of 7.4877 IDR. From a start-to-finish perspective, comparing the January average rate of 114.1028 to the December average rate of 115.8484, the exchange rate registered a net change of 1.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 118.7189 was up 1.68% compared to the 2023 peak of 116.7578, 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 593,594 IDR

2023 Average 553,102 IDR

Yearly Trough Low 556,156 IDR

Transaction Impact: A difference of 37,438.56 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

118.5967

111.3722

JanuMarcMayJulySeptNove

ISK to IDR 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 115.1524, compared to 114.8371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3152 points.

H1 Avg (Jan–Jun) 115.1524

H2 Avg (Jul–Dec) 114.8371

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 5.9455 IDR (High: 118.0228 / Low: 112.0773). On the other end, July was the most stable month, with a tight range of 1.2390 IDR (High: 118.6234 / Low: 117.3845).

August Spread (Volatile) ±5.9455

July Spread (Stable) ±1.2390

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 3.6087 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -3.6087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 117.9620) against the same month in 2023 (average: 108.4455), the exchange rate shifted by +9.5164 (+8.78%).

2024 Avg (June) 117.9620

2023 Avg (June) 108.4455

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	115.8406	112.5307	114.1028
February	115.5149	112.9012	113.7230
March	115.6444	113.6999	114.5495
April	115.8318	113.5337	114.8354
May	118.2927	114.3562	115.7415
June	118.7189	117.1835	117.9620
July	118.6234	117.3845	117.9946
August	118.0228	112.0773	114.3859
September	112.5455	111.2312	111.9742
October	116.3945	112.6308	114.0748
November	116.1752	112.8359	114.7450
December	117.1873	114.4942	115.8484