2024 ISK to ZAR Historical Review

YEARLY HIGH

0.1408 ZAR

YEARLY LOW

0.1260 ZAR

YEARLY AVERAGE

0.1329 ZAR

2024 ISK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.1408. Conversely, the yearly low was recorded on November 7, dropping to 0.1260.

This high-to-low spread represents a total annual volatility of 0.0148 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1370 to the December average rate of 0.1315, the exchange rate registered a net change of -3.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1408 was down 2.86% compared to the 2023 peak of 0.1449, 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 704 ZAR

2023 Average 670 ZAR

Yearly Trough Low 630 ZAR

Transaction Impact: A difference of 74.14 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1391

0.1275

JanuMarcMayJulySeptNove

ISK to ZAR 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 0.1354, compared to 0.1303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.1354

H2 Avg (Jul–Dec) 0.1303

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0091 ZAR (High: 0.1380 / Low: 0.1289). On the other end, July was the most stable month, with a tight range of 0.0031 ZAR (High: 0.1341 / Low: 0.1310).

June Spread (Volatile) ±0.0091

July Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0028 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1370) against the same month in 2023 (average: 0.1195), the exchange rate shifted by +0.0175 (+14.61%).

2024 Avg (January) 0.1370

2023 Avg (January) 0.1195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1408	0.1338	0.1370
February	0.1406	0.1364	0.1381
March	0.1394	0.1346	0.1374
April	0.1371	0.1329	0.1346
May	0.1367	0.1306	0.1326
June	0.1380	0.1289	0.1327
July	0.1341	0.1310	0.1324
August	0.1353	0.1286	0.1311
September	0.1299	0.1266	0.1285
October	0.1301	0.1269	0.1284
November	0.1327	0.1260	0.1301
December	0.1359	0.1275	0.1315