2024 ISK to MXN Historical Review

YEARLY HIGH

0.1504 MXN

YEARLY LOW

0.1172 MXN

YEARLY AVERAGE

0.1328 MXN

2024 ISK to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 0.1504. Conversely, the yearly low was recorded on April 11, dropping to 0.1172.

This high-to-low spread represents a total annual volatility of 0.0332 MXN. From a start-to-finish perspective, comparing the January average rate of 0.1246 to the December average rate of 0.1460, the exchange rate registered a net change of 17.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1504 was up 9.23% compared to the 2023 peak of 0.1377, 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 752 MXN

2023 Average 643 MXN

Yearly Trough Low 586 MXN

Transaction Impact: A difference of 166.04 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1499

0.1171

JanuMarcMayJulySeptNove

ISK to MXN 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 0.1238, compared to 0.1418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0180 points.

H1 Avg (Jan–Jun) 0.1238

H2 Avg (Jul–Dec) 0.1418

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0123 MXN (High: 0.1359 / Low: 0.1236). On the other end, February was the most stable month, with a tight range of 0.0022 MXN (High: 0.1254 / Low: 0.1232).

June Spread (Volatile) ±0.0123

February Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0024 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1472) against the same month in 2023 (average: 0.1242), the exchange rate shifted by +0.0230 (+18.50%).

2024 Avg (November) 0.1472

2023 Avg (November) 0.1242

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1268	0.1223	0.1246
February	0.1254	0.1232	0.1241
March	0.1243	0.1189	0.1222
April	0.1229	0.1172	0.1199
May	0.1239	0.1196	0.1210
June	0.1359	0.1236	0.1311
July	0.1358	0.1287	0.1315
August	0.1447	0.1342	0.1391
September	0.1458	0.1395	0.1431
October	0.1475	0.1411	0.1438
November	0.1504	0.1442	0.1472
December	0.1501	0.1443	0.1460