2024 ISK to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ISK to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ISK to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 23.6403. Conversely, the yearly low was recorded on April 16, dropping to 14.7787.
This high-to-low spread represents a total annual volatility of 8.8616 MMK. From a start-to-finish perspective, comparing the January average rate of 15.3363 to the December average rate of 15.1281, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 23.6403 was up 46.68% compared to the 2023 peak of 16.1171, 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 MMK 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 15.2924, compared to 15.4573 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1649 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 8.4704 MMK (High: 23.6403 / Low: 15.1699). On the other end, December was the most stable month, with a tight range of 0.2577 MMK (High: 15.2648 / Low: 15.0072).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 1.3008 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 16.5309) against the same month in 2023 (average: 15.8104), the exchange rate shifted by +0.7205 (+4.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.5326 | 15.2114 | 15.3363 |
| February | 15.4464 | 15.1238 | 15.2493 |
| March | 15.5447 | 15.0597 | 15.2981 |
| April | 15.1359 | 14.7787 | 14.9664 |
| May | 15.3125 | 14.9901 | 15.1252 |
| June | 17.9176 | 15.0271 | 15.7794 |
| July | 23.6403 | 15.1699 | 16.5309 |
| August | 15.3970 | 15.0946 | 15.2301 |
| September | 15.5603 | 15.1011 | 15.3234 |
| October | 15.5074 | 15.1710 | 15.3340 |
| November | 15.4061 | 15.0200 | 15.1973 |
| December | 15.2648 | 15.0072 | 15.1281 |