2024 KRW to ISK Historical Review

YEARLY HIGH

0.1062 ISK

YEARLY LOW

0.0941 ISK

YEARLY AVERAGE

0.1012 ISK

2024 KRW to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KRW to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1062. Conversely, the yearly low was recorded on December 31, dropping to 0.0941.

This high-to-low spread represents a total annual volatility of 0.0121 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1034 to the December average rate of 0.0963, the exchange rate registered a net change of -6.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1062 was down 8.98% compared to the 2023 peak of 0.1167, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 530,985 ISK

2023 Average 528,133 ISK

Yearly Trough Low 470,259 ISK

Transaction Impact: A difference of 60,725.53 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1041

0.0956

JanuMarcMayJulySeptNove

KRW 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 0.1024, compared to 0.1001 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.1024

H2 Avg (Jul–Dec) 0.1001

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0050 ISK (High: 0.1062 / Low: 0.1011). On the other end, November was the most stable month, with a tight range of 0.0016 ISK (High: 0.0997 / Low: 0.0980).

January Spread (Volatile) ±0.0050

November Spread (Stable) ±0.0016

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 November and December, when the average rate fell by 0.0027 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1034) against the same month in 2023 (average: 0.1150), the exchange rate shifted by -0.0117 (-10.13%).

2024 Avg (January) 0.1034

2023 Avg (January) 0.1150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1062	0.1011	0.1034
February	0.1044	0.1024	0.1034
March	0.1039	0.1017	0.1030
April	0.1033	0.1014	0.1024
May	0.1030	0.0994	0.1018
June	0.1012	0.0993	0.1004
July	0.1010	0.0988	0.0996
August	0.1035	0.1003	0.1020
September	0.1039	0.1012	0.1029
October	0.1021	0.0992	0.1005
November	0.0997	0.0980	0.0990
December	0.0988	0.0941	0.0963