2024 JOD to ISK Historical Review

YEARLY HIGH

200.4092 ISK

YEARLY LOW

190.2498 ISK

YEARLY AVERAGE

194.6122 ISK

2024 JOD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 200.4092. Conversely, the yearly low was recorded on September 26, dropping to 190.2498.

This high-to-low spread represents a total annual volatility of 10.1594 ISK. From a start-to-finish perspective, comparing the January average rate of 192.9818 to the December average rate of 195.5420, the exchange rate registered a net change of 1.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 200.4092 was down 1.86% compared to the 2023 peak of 204.2148, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,002,046 ISK

2023 Average 971,973 ISK

Yearly Trough Low 951,249 ISK

Transaction Impact: A difference of 50,797.23 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

198.3823

192.4909

JanuMarcMayJulySeptNove

JOD 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 195.0293, compared to 194.1950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8343 points.

H1 Avg (Jan–Jun) 195.0293

H2 Avg (Jul–Dec) 194.1950

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 5.9529 ISK (High: 196.4875 / Low: 190.5346). On the other end, July was the most stable month, with a tight range of 3.1190 ISK (High: 195.9368 / Low: 192.8178).

March Spread (Volatile) ±5.9529

July Spread (Stable) ±3.1190

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 April and May, when the average rate fell by 2.0758 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.0758

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 197.8914) against the same month in 2023 (average: 192.4140), the exchange rate shifted by +5.4774 (+2.85%).

2024 Avg (April) 197.8914

2023 Avg (April) 192.4140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	194.4045	190.4397	192.9818
February	195.8257	192.0474	194.2428
March	196.4875	190.5346	193.5428
April	200.4092	195.1897	197.8914
May	197.6577	193.6662	195.8156
June	196.9530	193.3559	195.7017
July	195.9368	192.8178	194.3146
August	196.1197	192.2675	194.3776
September	196.0350	190.2498	193.2149
October	195.0494	190.8988	193.0435
November	196.9821	192.0463	194.6776
December	197.0679	193.7958	195.5420