2024 ISK to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ISK to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ISK to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 10.6324. Conversely, the yearly low was recorded on January 1, dropping to 9.4165.
This high-to-low spread represents a total annual volatility of 1.2160 KRW. From a start-to-finish perspective, comparing the January average rate of 9.6763 to the December average rate of 10.3886, the exchange rate registered a net change of 7.36% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.6324 was up 4.55% compared to the 2023 peak of 10.1695, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ISK to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.7692, compared to 10.0000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2307 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.5076 KRW (High: 10.6324 / Low: 10.1249). On the other end, November was the most stable month, with a tight range of 0.1657 KRW (High: 10.1993 / Low: 10.0336).
Growth Streaks & Declines
TrendsBetween 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 0.2375 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 10.3886) against the same month in 2023 (average: 9.4414), the exchange rate shifted by +0.9472 (+10.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.8864 | 9.4165 | 9.6763 |
| February | 9.7647 | 9.5802 | 9.6744 |
| March | 9.8327 | 9.6265 | 9.7118 |
| April | 9.8624 | 9.6836 | 9.7668 |
| May | 10.0625 | 9.7069 | 9.8264 |
| June | 10.0677 | 9.8848 | 9.9598 |
| July | 10.1248 | 9.8984 | 10.0381 |
| August | 9.9658 | 9.6645 | 9.8005 |
| September | 9.8837 | 9.6211 | 9.7143 |
| October | 10.0855 | 9.7903 | 9.9537 |
| November | 10.1993 | 10.0336 | 10.1047 |
| December | 10.6324 | 10.1249 | 10.3886 |