2024 ISK to MUR Historical Review

YEARLY HIGH

0.3450 MUR

YEARLY LOW

0.3110 MUR

YEARLY AVERAGE

0.3348 MUR

2024 ISK to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.3450. Conversely, the yearly low was recorded on March 12, dropping to 0.3110.

This high-to-low spread represents a total annual volatility of 0.0340 MUR. From a start-to-finish perspective, comparing the January average rate of 0.3263 to the December average rate of 0.3378, the exchange rate registered a net change of 3.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3450 was down 2.21% compared to the 2023 peak of 0.3528, 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 1,725 MUR

2023 Average 1,637 MUR

Yearly Trough Low 1,555 MUR

Transaction Impact: A difference of 169.87 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3407

0.3250

JanuMarcMayJulySeptNove

ISK to MUR 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 0.3322, compared to 0.3375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.3322

H2 Avg (Jul–Dec) 0.3375

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0285 MUR (High: 0.3395 / Low: 0.3110). On the other end, July was the most stable month, with a tight range of 0.0053 MUR (High: 0.3418 / Low: 0.3365).

March Spread (Volatile) ±0.0285

July Spread (Stable) ±0.0053

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 0.0034 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.3375) against the same month in 2023 (average: 0.3162), the exchange rate shifted by +0.0213 (+6.73%).

2024 Avg (November) 0.3375

2023 Avg (November) 0.3162

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3351	0.3196	0.3263
February	0.3406	0.3286	0.3329
March	0.3395	0.3110	0.3346
April	0.3371	0.3278	0.3312
May	0.3368	0.3303	0.3322
June	0.3407	0.3301	0.3359
July	0.3418	0.3365	0.3394
August	0.3389	0.3324	0.3363
September	0.3401	0.3329	0.3359
October	0.3442	0.3317	0.3379
November	0.3450	0.3325	0.3375
December	0.3402	0.3332	0.3378