2024 ISK to NAD Historical Review

YEARLY HIGH

0.1405 NAD

YEARLY LOW

0.1266 NAD

YEARLY AVERAGE

0.1328 NAD

2024 ISK to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.1405. Conversely, the yearly low was recorded on December 12, dropping to 0.1266.

This high-to-low spread represents a total annual volatility of 0.0139 NAD. From a start-to-finish perspective, comparing the January average rate of 0.1372 to the December average rate of 0.1314, the exchange rate registered a net change of -4.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1405 was down 6.38% compared to the 2023 peak of 0.1501, 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 703 NAD

2023 Average 672 NAD

Yearly Trough Low 633 NAD

Transaction Impact: A difference of 69.64 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1387

0.1275

JanuMarcMayJulySeptNove

ISK to NAD 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 0.1354, compared to 0.1303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.1354

H2 Avg (Jul–Dec) 0.1303

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0096 NAD (High: 0.1378 / Low: 0.1282). On the other end, October was the most stable month, with a tight range of 0.0028 NAD (High: 0.1298 / Low: 0.1270).

June Spread (Volatile) ±0.0096

October Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between October and December, 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 0.0028 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1372) against the same month in 2023 (average: 0.1195), the exchange rate shifted by +0.0177 (+14.80%).

2024 Avg (January) 0.1372

2023 Avg (January) 0.1195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1405	0.1345	0.1372
February	0.1400	0.1353	0.1378
March	0.1389	0.1355	0.1374
April	0.1369	0.1322	0.1347
May	0.1341	0.1308	0.1325
June	0.1378	0.1282	0.1329
July	0.1340	0.1307	0.1324
August	0.1351	0.1275	0.1309
September	0.1305	0.1271	0.1287
October	0.1298	0.1270	0.1285
November	0.1326	0.1268	0.1299
December	0.1357	0.1266	0.1314