2024 ISK to INR Historical Review

YEARLY HIGH

0.6210 INR

YEARLY LOW

0.5891 INR

YEARLY AVERAGE

0.6065 INR

2024 ISK to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6210. Conversely, the yearly low was recorded on April 16, dropping to 0.5891.

This high-to-low spread represents a total annual volatility of 0.0319 INR. From a start-to-finish perspective, comparing the January average rate of 0.6071 to the December average rate of 0.6129, the exchange rate registered a net change of 0.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6210 was down 2.10% compared to the 2023 peak of 0.6343, 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 3,105 INR

2023 Average 2,997 INR

Yearly Trough Low 2,945 INR

Transaction Impact: A difference of 159.37 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6162

0.5928

JanuMarcMayJulySeptNove

ISK to INR 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 0.6020, compared to 0.6111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 0.6020

H2 Avg (Jul–Dec) 0.6111

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0160 INR (High: 0.6203 / Low: 0.6043). On the other end, June was the most stable month, with a tight range of 0.0106 INR (High: 0.6090 / Low: 0.5984).

September Spread (Volatile) ±0.0160

June Spread (Stable) ±0.0106

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 0.0107 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.6143) against the same month in 2023 (average: 0.6005), the exchange rate shifted by +0.0138 (+2.29%).

2024 Avg (October) 0.6143

2023 Avg (October) 0.6005

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6153	0.6035	0.6071
February	0.6090	0.5982	0.6024
March	0.6133	0.5987	0.6054
April	0.6018	0.5891	0.5947
May	0.6072	0.5954	0.6006
June	0.6090	0.5984	0.6019
July	0.6116	0.6008	0.6071
August	0.6151	0.6026	0.6089
September	0.6203	0.6043	0.6121
October	0.6210	0.6080	0.6143
November	0.6189	0.6045	0.6111
December	0.6203	0.6082	0.6129