2024 JPY to ISK Historical Review

YEARLY HIGH

0.9763 ISK

YEARLY LOW

0.8517 ISK

YEARLY AVERAGE

0.9117 ISK

2024 JPY to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JPY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 0.9763. Conversely, the yearly low was recorded on July 10, dropping to 0.8517.

This high-to-low spread represents a total annual volatility of 0.1246 ISK. From a start-to-finish perspective, comparing the January average rate of 0.9368 to the December average rate of 0.9006, the exchange rate registered a net change of -3.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9763 was down 12.55% compared to the 2023 peak of 1.1164, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 488,160 ISK

2023 Average 491,942 ISK

Yearly Trough Low 425,847 ISK

Transaction Impact: A difference of 62,312.65 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9655

0.8662

JanuMarcMayJulySeptNove

JPY 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 0.9088, compared to 0.9145 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.9088

H2 Avg (Jul–Dec) 0.9145

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0716 ISK (High: 0.9233 / Low: 0.8517). On the other end, February was the most stable month, with a tight range of 0.0191 ISK (High: 0.9314 / Low: 0.9123).

July Spread (Volatile) ±0.0716

February Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.0444 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0444

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.9572) against the same month in 2023 (average: 0.9155), the exchange rate shifted by +0.0417 (+4.55%).

2024 Avg (September) 0.9572

2023 Avg (September) 0.9155

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9687	0.9120	0.9368
February	0.9314	0.9123	0.9206
March	0.9284	0.9008	0.9162
April	0.9238	0.8873	0.9107
May	0.9146	0.8736	0.8914
June	0.8869	0.8608	0.8774
July	0.9233	0.8517	0.8744
August	0.9546	0.9314	0.9421
September	0.9763	0.9293	0.9572
October	0.9425	0.8924	0.9128
November	0.9174	0.8819	0.8998
December	0.9280	0.8780	0.9006