2024 ISK to NOK Historical Review

YEARLY HIGH

0.0821 NOK

YEARLY LOW

0.0748 NOK

YEARLY AVERAGE

0.0779 NOK

2024 ISK to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0821. Conversely, the yearly low was recorded on January 5, dropping to 0.0748.

This high-to-low spread represents a total annual volatility of 0.0073 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0760 to the December average rate of 0.0810, the exchange rate registered a net change of 6.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0821 was up 0.75% compared to the 2023 peak of 0.0815, 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 411 NOK

2023 Average 383 NOK

Yearly Trough Low 374 NOK

Transaction Impact: A difference of 36.68 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0815

0.0755

JanuMarcMayJulySeptNove

ISK to NOK 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 0.0769, compared to 0.0789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0769

H2 Avg (Jul–Dec) 0.0789

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0039 NOK (High: 0.0800 / Low: 0.0761). On the other end, June was the most stable month, with a tight range of 0.0016 NOK (High: 0.0773 / Low: 0.0757).

August Spread (Volatile) ±0.0039

June Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0810) against the same month in 2023 (average: 0.0763), the exchange rate shifted by +0.0047 (+6.17%).

2024 Avg (December) 0.0810

2023 Avg (December) 0.0763

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0776	0.0748	0.0760
February	0.0776	0.0757	0.0766
March	0.0787	0.0762	0.0774
April	0.0791	0.0768	0.0778
May	0.0789	0.0763	0.0774
June	0.0773	0.0757	0.0765
July	0.0801	0.0764	0.0784
August	0.0800	0.0761	0.0777
September	0.0786	0.0765	0.0775
October	0.0804	0.0781	0.0791
November	0.0808	0.0789	0.0800
December	0.0821	0.0798	0.0810