2024 ISK to IRR Historical Review

YEARLY HIGH

312.2821 IRR

YEARLY LOW

296.1522 IRR

YEARLY AVERAGE

305.1090 IRR

2024 ISK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 312.2821. Conversely, the yearly low was recorded on April 16, dropping to 296.1522.

This high-to-low spread represents a total annual volatility of 16.1299 IRR. From a start-to-finish perspective, comparing the January average rate of 307.1418 to the December average rate of 304.1747, the exchange rate registered a net change of -0.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 312.2821 was down 3.63% compared to the 2023 peak of 324.0528, 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 1,561,411 IRR

2023 Average 1,532,218 IRR

Yearly Trough Low 1,480,761 IRR

Transaction Impact: A difference of 80,649.56 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

308.4949

299.1955

JanuMarcMayJulySeptNove

ISK to IRR 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 304.2711, compared to 305.9469 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6758 points.

H1 Avg (Jan–Jun) 304.2711

H2 Avg (Jul–Dec) 305.9469

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 9.5396 IRR (High: 311.3201 / Low: 301.7805). On the other end, December was the most stable month, with a tight range of 4.7234 IRR (High: 306.4259 / Low: 301.7025).

March Spread (Volatile) ±9.5396

December Spread (Stable) ±4.7234

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 6.4612 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.4612

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 307.5280) against the same month in 2023 (average: 312.2728), the exchange rate shifted by -4.7448 (-1.52%).

2024 Avg (September) 307.5280

2023 Avg (September) 312.2728

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	311.4963	304.9373	307.1418
February	308.7004	302.6970	305.2222
March	311.3201	301.7805	306.4316
April	304.0760	296.1522	299.9704
May	307.4696	300.3641	303.2497
June	307.9631	301.5327	303.6106
July	307.9949	303.0494	305.7406
August	308.9131	302.8455	305.6081
September	312.2821	302.9763	307.5280
October	311.0910	304.3785	307.7199
November	309.0946	301.2580	304.9099
December	306.4259	301.7025	304.1747