2024 KWD to ISK Historical Review

YEARLY HIGH

461.0720 ISK

YEARLY LOW

439.2714 ISK

YEARLY AVERAGE

449.6006 ISK

2024 KWD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 461.0720. Conversely, the yearly low was recorded on January 21, dropping to 439.2714.

This high-to-low spread represents a total annual volatility of 21.8006 ISK. From a start-to-finish perspective, comparing the January average rate of 445.1271 to the December average rate of 450.6831, the exchange rate registered a net change of 1.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 461.0720 was down 2.47% compared to the 2023 peak of 472.7615, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,305,360 ISK

2023 Average 2,243,241 ISK

Yearly Trough Low 2,196,357 ISK

Transaction Impact: A difference of 109,002.80 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

456.6092

444.0833

JanuMarcMayJulySeptNove

KWD 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 449.7975, compared to 449.4038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3936 points.

H1 Avg (Jan–Jun) 449.7975

H2 Avg (Jul–Dec) 449.4038

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 13.0449 ISK (High: 452.8648 / Low: 439.8199). On the other end, July was the most stable month, with a tight range of 5.7591 ISK (High: 453.1010 / Low: 447.3420).

March Spread (Volatile) ±13.0449

July Spread (Stable) ±5.7591

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 3.7011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.7011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 455.5653) against the same month in 2023 (average: 445.4808), the exchange rate shifted by +10.0846 (+2.26%).

2024 Avg (April) 455.5653

2023 Avg (April) 445.4808

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	448.5791	439.2714	445.1271
February	450.5457	442.8951	447.4794
March	452.8648	439.8199	446.2939
April	461.0720	450.0833	455.5653
May	455.3522	447.4450	451.8643
June	455.8127	447.2134	452.4548
July	453.1010	447.3420	450.2802
August	454.7210	446.1836	450.8438
September	454.6972	441.7325	448.6094
October	451.2380	441.5599	446.5611
November	453.9029	443.4688	449.4454
December	454.0008	447.1295	450.6831