2024 ISK to PEN Historical Review

YEARLY HIGH

0.0281 PEN

YEARLY LOW

0.0261 PEN

YEARLY AVERAGE

0.0272 PEN

2024 ISK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.0281. Conversely, the yearly low was recorded on April 14, dropping to 0.0261.

This high-to-low spread represents a total annual volatility of 0.0020 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0273 to the December average rate of 0.0269, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0281 was down 0.78% compared to the 2023 peak of 0.0283, 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 140 PEN

2023 Average 136 PEN

Yearly Trough Low 130 PEN

Transaction Impact: A difference of 10.18 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0279

0.0264

JanuMarcMayJulySeptNove

ISK to PEN 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 0.0271, compared to 0.0273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0271

H2 Avg (Jul–Dec) 0.0273

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0010 PEN (High: 0.0279 / Low: 0.0269). On the other end, October was the most stable month, with a tight range of 0.0004 PEN (High: 0.0276 / Low: 0.0272).

January Spread (Volatile) ±0.0010

October Spread (Stable) ±0.0004

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 February and March, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0278) against the same month in 2023 (average: 0.0268), the exchange rate shifted by +0.0010 (+3.62%).

2024 Avg (February) 0.0278

2023 Avg (February) 0.0268

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0279	0.0269	0.0273
February	0.0281	0.0274	0.0278
March	0.0275	0.0267	0.0271
April	0.0268	0.0261	0.0265
May	0.0274	0.0264	0.0269
June	0.0276	0.0270	0.0273
July	0.0277	0.0270	0.0273
August	0.0275	0.0269	0.0271
September	0.0280	0.0271	0.0275
October	0.0276	0.0272	0.0274
November	0.0278	0.0271	0.0274
December	0.0272	0.0266	0.0269