2024 JMD to ISK Historical Review

YEARLY HIGH

0.9155 ISK

YEARLY LOW

0.8554 ISK

YEARLY AVERAGE

0.8824 ISK

2024 JMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.9155. Conversely, the yearly low was recorded on September 24, dropping to 0.8554.

This high-to-low spread represents a total annual volatility of 0.0601 ISK. From a start-to-finish perspective, comparing the January average rate of 0.8829 to the December average rate of 0.8866, the exchange rate registered a net change of 0.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9155 was down 3.89% compared to the 2023 peak of 0.9526, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JMD based on timing:

Yearly Peak High 4,578 ISK

2023 Average 4,475 ISK

Yearly Trough Low 4,277 ISK

Transaction Impact: A difference of 300.70 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9085

0.8599

JanuMarcMayJulySeptNove

JMD to ISK 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 0.8892, compared to 0.8756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.8892

H2 Avg (Jul–Dec) 0.8756

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0360 ISK (High: 0.8914 / Low: 0.8554). On the other end, June was the most stable month, with a tight range of 0.0142 ISK (High: 0.8973 / Low: 0.8832).

September Spread (Volatile) ±0.0360

June Spread (Stable) ±0.0142

Growth Streaks & Declines

Trends

Between February and April, 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 April and May, when the average rate fell by 0.0163 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.9045) against the same month in 2023 (average: 0.8972), the exchange rate shifted by +0.0073 (+0.81%).

2024 Avg (April) 0.9045

2023 Avg (April) 0.8972

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8947	0.8695	0.8829
February	0.8882	0.8715	0.8808
March	0.9060	0.8722	0.8877
April	0.9155	0.8959	0.9045
May	0.8968	0.8810	0.8882
June	0.8973	0.8832	0.8911
July	0.8926	0.8732	0.8807
August	0.8897	0.8689	0.8792
September	0.8914	0.8554	0.8718
October	0.8714	0.8555	0.8639
November	0.8800	0.8611	0.8711
December	0.8970	0.8746	0.8866