2024 ISK to JPY Historical Review

YEARLY HIGH

1.1741 JPY

YEARLY LOW

1.0243 JPY

YEARLY AVERAGE

1.0978 JPY

2024 ISK to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 10, valuing the pair at 1.1741. Conversely, the yearly low was recorded on September 14, dropping to 1.0243.

This high-to-low spread represents a total annual volatility of 0.1499 JPY. From a start-to-finish perspective, comparing the January average rate of 1.0677 to the December average rate of 1.1107, the exchange rate registered a net change of 4.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1741 was up 4.79% compared to the 2023 peak of 1.1205, 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 5,871 JPY

2023 Average 5,102 JPY

Yearly Trough Low 5,121 JPY

Transaction Impact: A difference of 749.38 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1540

1.0350

JanuMarcMayJulySeptNove

ISK to JPY 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 1.1009, compared to 1.0947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 1.1009

H2 Avg (Jul–Dec) 1.0947

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0911 JPY (High: 1.1741 / Low: 1.0830). On the other end, February was the most stable month, with a tight range of 0.0224 JPY (High: 1.0961 / Low: 1.0737).

July Spread (Volatile) ±0.0911

February Spread (Stable) ±0.0224

Growth Streaks & Declines

Trends

Between January and July, 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 July and August, when the average rate fell by 0.0826 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0826

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 1.1441) against the same month in 2023 (average: 1.0639), the exchange rate shifted by +0.0802 (+7.54%).

2024 Avg (July) 1.1441

2023 Avg (July) 1.0639

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0964	1.0324	1.0677
February	1.0961	1.0737	1.0863
March	1.1102	1.0771	1.0915
April	1.1270	1.0825	1.0982
May	1.1446	1.0934	1.1221
June	1.1618	1.1275	1.1398
July	1.1741	1.0830	1.1441
August	1.0737	1.0476	1.0614
September	1.0761	1.0243	1.0449
October	1.1206	1.0610	1.0956
November	1.1339	1.0901	1.1114
December	1.1389	1.0775	1.1107