2024 MAD to ISK Historical Review

YEARLY HIGH

14.2409 ISK

YEARLY LOW

13.4800 ISK

YEARLY AVERAGE

13.8835 ISK

2024 MAD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 14.2409. Conversely, the yearly low was recorded on March 13, dropping to 13.4800.

This high-to-low spread represents a total annual volatility of 0.7609 ISK. From a start-to-finish perspective, comparing the January average rate of 13.7573 to the December average rate of 13.8460, the exchange rate registered a net change of 0.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.2409 was up 0.40% compared to the 2023 peak of 14.1844, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 71,205 ISK

2023 Average 68,099 ISK

Yearly Trough Low 67,400 ISK

Transaction Impact: A difference of 3,804.53 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.1724

13.5985

JanuMarcMayJulySeptNove

MAD 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 13.8041, compared to 13.9629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1588 points.

H1 Avg (Jan–Jun) 13.8041

H2 Avg (Jul–Dec) 13.9629

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.3858 ISK (High: 14.0191 / Low: 13.6333). On the other end, July was the most stable month, with a tight range of 0.1607 ISK (High: 14.0378 / Low: 13.8771).

November Spread (Volatile) ±0.3858

July Spread (Stable) ±0.1607

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1845 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1845

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 14.1245) against the same month in 2023 (average: 13.3178), the exchange rate shifted by +0.8068 (+6.06%).

2024 Avg (August) 14.1245

2023 Avg (August) 13.3178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.9156	13.5919	13.7573
February	13.8128	13.6132	13.6946
March	13.8145	13.4800	13.6463
April	14.1272	13.7473	13.8959
May	13.9920	13.7682	13.8944
June	14.0385	13.7469	13.9358
July	14.0378	13.8771	13.9681
August	14.2409	13.9839	14.1245
September	14.2361	13.9342	14.0772
October	13.9729	13.7778	13.8926
November	14.0191	13.6333	13.8690
December	13.9991	13.7065	13.8460