2024 ISK to TRY Historical Review

YEARLY HIGH

0.2555 TRY

YEARLY LOW

0.2160 TRY

YEARLY AVERAGE

0.2384 TRY

2024 ISK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2555. Conversely, the yearly low was recorded on January 3, dropping to 0.2160.

This high-to-low spread represents a total annual volatility of 0.0395 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2198 to the December average rate of 0.2524, the exchange rate registered a net change of 14.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2555 was up 17.26% compared to the 2023 peak of 0.2179, 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 1,277 TRY

2023 Average 867 TRY

Yearly Trough Low 1,080 TRY

Transaction Impact: A difference of 197.52 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2557

0.2166

JanuMarcMayJulySeptNove

ISK to TRY 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 0.2292, compared to 0.2475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0183 points.

H1 Avg (Jan–Jun) 0.2292

H2 Avg (Jul–Dec) 0.2475

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0114 TRY (High: 0.2387 / Low: 0.2273). On the other end, April was the most stable month, with a tight range of 0.0040 TRY (High: 0.2325 / Low: 0.2286).

March Spread (Volatile) ±0.0114

April Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0030 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.2524) against the same month in 2023 (average: 0.2111), the exchange rate shifted by +0.0413 (+19.54%).

2024 Avg (December) 0.2524

2023 Avg (December) 0.2111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2237	0.2160	0.2198
February	0.2267	0.2213	0.2237
March	0.2387	0.2273	0.2337
April	0.2325	0.2286	0.2307
May	0.2349	0.2307	0.2325
June	0.2376	0.2325	0.2350
July	0.2422	0.2347	0.2391
August	0.2497	0.2387	0.2447
September	0.2535	0.2447	0.2488
October	0.2532	0.2477	0.2504
November	0.2536	0.2464	0.2497
December	0.2555	0.2504	0.2524