2024 ISK to MGA Historical Review

YEARLY HIGH

34.1742 MGA

YEARLY LOW

30.7329 MGA

YEARLY AVERAGE

32.8788 MGA

2024 ISK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 34.1742. Conversely, the yearly low was recorded on April 16, dropping to 30.7329.

This high-to-low spread represents a total annual volatility of 3.4413 MGA. From a start-to-finish perspective, comparing the January average rate of 33.3361 to the December average rate of 33.8876, the exchange rate registered a net change of 1.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 34.1742 was down 1.46% compared to the 2023 peak of 34.6798, 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 170,871 MGA

2023 Average 161,566 MGA

Yearly Trough Low 153,665 MGA

Transaction Impact: A difference of 17,206.50 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

34.1422

31.0870

JanuMarcMayJulySeptNove

ISK to MGA 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 32.3966, compared to 33.3610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9644 points.

H1 Avg (Jan–Jun) 32.3966

H2 Avg (Jul–Dec) 33.3610

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 2.0648 MGA (High: 33.3901 / Low: 31.3252). On the other end, February was the most stable month, with a tight range of 0.6233 MGA (High: 33.3333 / Low: 32.7100).

March Spread (Volatile) ±2.0648

February Spread (Stable) ±0.6233

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.2218 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -1.2218

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 33.6901) against the same month in 2023 (average: 32.2780), the exchange rate shifted by +1.4121 (+4.37%).

2024 Avg (November) 33.6901

2023 Avg (November) 32.2780

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.9771	32.9068	33.3361
February	33.3333	32.7100	32.9613
March	33.3901	31.3252	32.5634
April	31.7385	30.7329	31.3416
May	32.4476	31.5672	31.9352
June	32.5407	31.8886	32.2417
July	33.0393	32.2030	32.7147
August	33.6122	32.5361	33.1430
September	33.6687	32.7896	33.1782
October	33.8504	33.2092	33.5523
November	34.1742	33.2055	33.6901
December	34.1395	33.2830	33.8876