2024 ISK to MVR Historical Review

YEARLY HIGH

0.1151 MVR

YEARLY LOW

0.1032 MVR

YEARLY AVERAGE

0.1116 MVR

2024 ISK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.1151. Conversely, the yearly low was recorded on May 2, dropping to 0.1032.

This high-to-low spread represents a total annual volatility of 0.0119 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1125 to the December average rate of 0.1111, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1151 was down 2.58% compared to the 2023 peak of 0.1181, 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 575 MVR

2023 Average 558 MVR

Yearly Trough Low 516 MVR

Transaction Impact: A difference of 59.36 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1127

0.1099

JanuMarcMayJulySeptNove

ISK to MVR 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 0.1115, compared to 0.1118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.1115

H2 Avg (Jul–Dec) 0.1118

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0093 MVR (High: 0.1125 / Low: 0.1032). On the other end, July was the most stable month, with a tight range of 0.0021 MVR (High: 0.1130 / Low: 0.1109).

May Spread (Volatile) ±0.0093

July Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0023 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1125) against the same month in 2023 (average: 0.1099), the exchange rate shifted by +0.0026 (+2.36%).

2024 Avg (March) 0.1125

2023 Avg (March) 0.1099

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1140	0.1116	0.1125
February	0.1131	0.1105	0.1118
March	0.1151	0.1109	0.1125
April	0.1117	0.1088	0.1102
May	0.1125	0.1032	0.1111
June	0.1124	0.1100	0.1110
July	0.1130	0.1109	0.1118
August	0.1130	0.1105	0.1116
September	0.1138	0.1105	0.1122
October	0.1135	0.1110	0.1122
November	0.1133	0.1107	0.1118
December	0.1124	0.1102	0.1111