2024 ISK to PKR Historical Review

YEARLY HIGH

2.0703 PKR

YEARLY LOW

1.9598 PKR

YEARLY AVERAGE

2.0183 PKR

2024 ISK to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 2.0703. Conversely, the yearly low was recorded on April 14, dropping to 1.9598.

This high-to-low spread represents a total annual volatility of 0.1104 PKR. From a start-to-finish perspective, comparing the January average rate of 2.0446 to the December average rate of 2.0053, the exchange rate registered a net change of -1.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0703 was down 11.41% compared to the 2023 peak of 2.3370, 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 10,351 PKR

2023 Average 10,153 PKR

Yearly Trough Low 9,799 PKR

Transaction Impact: A difference of 552.17 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0509

1.9763

JanuMarcMayJulySeptNove

ISK to PKR 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 2.0160, compared to 2.0206 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 2.0160

H2 Avg (Jul–Dec) 2.0206

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0715 PKR (High: 2.0652 / Low: 1.9937). On the other end, December was the most stable month, with a tight range of 0.0325 PKR (High: 2.0225 / Low: 1.9900).

March Spread (Volatile) ±0.0715

December Spread (Stable) ±0.0325

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0484 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0484

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.0446) against the same month in 2023 (average: 1.6360), the exchange rate shifted by +0.4086 (+24.98%).

2024 Avg (January) 2.0446

2023 Avg (January) 1.6360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0703	2.0150	2.0446
February	2.0529	2.0058	2.0257
March	2.0652	1.9937	2.0309
April	2.0055	1.9598	1.9825
May	2.0292	1.9873	2.0047
June	2.0329	1.9936	2.0075
July	2.0378	2.0048	2.0209
August	2.0448	2.0045	2.0210
September	2.0599	2.0057	2.0324
October	2.0540	2.0083	2.0309
November	2.0409	1.9881	2.0132
December	2.0225	1.9900	2.0053