2024 ISK to MNT Historical Review

YEARLY HIGH

25.5423 MNT

YEARLY LOW

24.2906 MNT

YEARLY AVERAGE

24.8408 MNT

2024 ISK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 25.5423. Conversely, the yearly low was recorded on April 16, dropping to 24.2906.

This high-to-low spread represents a total annual volatility of 1.2517 MNT. From a start-to-finish perspective, comparing the January average rate of 25.2002 to the December average rate of 24.5020, the exchange rate registered a net change of -2.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 25.5423 was down 5.30% compared to the 2023 peak of 26.9717, 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 127,712 MNT

2023 Average 125,659 MNT

Yearly Trough Low 121,453 MNT

Transaction Impact: A difference of 6,258.34 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

25.2700

24.4322

JanuMarcMayJulySeptNove

ISK to MNT 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 24.9536, compared to 24.7280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2256 points.

H1 Avg (Jan–Jun) 24.9536

H2 Avg (Jul–Dec) 24.7280

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.7738 MNT (High: 25.5423 / Low: 24.7685). On the other end, December was the most stable month, with a tight range of 0.4174 MNT (High: 24.7235 / Low: 24.3062).

March Spread (Volatile) ±0.7738

December Spread (Stable) ±0.4174

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 0.5488 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5488

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 25.1465) against the same month in 2023 (average: 24.3802), the exchange rate shifted by +0.7663 (+3.14%).

2024 Avg (March) 25.1465

2023 Avg (March) 24.3802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.5370	25.0127	25.2002
February	25.3304	24.8452	25.0482
March	25.5423	24.7685	25.1465
April	24.9332	24.2906	24.5977
May	25.1293	24.6288	24.8565
June	25.1696	24.7099	24.8725
July	25.2470	24.5698	24.9308
August	24.9376	24.4478	24.6673
September	25.2021	24.4584	24.8184
October	25.1164	24.5716	24.8356
November	24.9523	24.3270	24.6142
December	24.7235	24.3062	24.5020