2024 ISK to PHP Historical Review

YEARLY HIGH

0.4298 PHP

YEARLY LOW

0.3996 PHP

YEARLY AVERAGE

0.4153 PHP

2024 ISK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.4298. Conversely, the yearly low was recorded on April 12, dropping to 0.3996.

This high-to-low spread represents a total annual volatility of 0.0303 PHP. From a start-to-finish perspective, comparing the January average rate of 0.4088 to the December average rate of 0.4213, the exchange rate registered a net change of 3.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4298 was down 1.30% compared to the 2023 peak of 0.4355, 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 2,149 PHP

2023 Average 2,019 PHP

Yearly Trough Low 1,998 PHP

Transaction Impact: A difference of 151.30 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4270

0.4048

JanuMarcMayJulySeptNove

ISK to PHP 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 0.4115, compared to 0.4190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0075 points.

H1 Avg (Jan–Jun) 0.4115

H2 Avg (Jul–Dec) 0.4190

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0175 PHP (High: 0.4261 / Low: 0.4086). On the other end, July was the most stable month, with a tight range of 0.0047 PHP (High: 0.4273 / Low: 0.4226).

May Spread (Volatile) ±0.0175

July Spread (Stable) ±0.0047

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 July and August, when the average rate fell by 0.0110 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.4252) against the same month in 2023 (average: 0.3984), the exchange rate shifted by +0.0268 (+6.73%).

2024 Avg (November) 0.4252

2023 Avg (November) 0.3984

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4137	0.4029	0.4088
February	0.4112	0.4039	0.4067
March	0.4128	0.4033	0.4075
April	0.4130	0.3996	0.4067
May	0.4261	0.4086	0.4163
June	0.4288	0.4204	0.4232
July	0.4273	0.4226	0.4246
August	0.4209	0.4064	0.4136
September	0.4159	0.4061	0.4093
October	0.4259	0.4150	0.4201
November	0.4298	0.4213	0.4252
December	0.4282	0.4160	0.4213