2024 MNT to ISK Historical Review

YEARLY HIGH

0.0412 ISK

YEARLY LOW

0.0392 ISK

YEARLY AVERAGE

0.0403 ISK

2024 MNT to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0412. Conversely, the yearly low was recorded on March 13, dropping to 0.0392.

This high-to-low spread represents a total annual volatility of 0.0020 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0397 to the December average rate of 0.0408, the exchange rate registered a net change of 2.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0412 was down 3.18% compared to the 2023 peak of 0.0425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 206 ISK

2023 Average 199 ISK

Yearly Trough Low 196 ISK

Transaction Impact: A difference of 10.09 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0409

0.0396

JanuMarcMayJulySeptNove

MNT 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 0.0401, compared to 0.0404 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0401

H2 Avg (Jul–Dec) 0.0404

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0012 ISK (High: 0.0404 / Low: 0.0392). On the other end, December was the most stable month, with a tight range of 0.0007 ISK (High: 0.0411 / Low: 0.0404).

March Spread (Volatile) ±0.0012

December Spread (Stable) ±0.0007

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 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0407) against the same month in 2023 (average: 0.0388), the exchange rate shifted by +0.0019 (+4.82%).

2024 Avg (April) 0.0407

2023 Avg (April) 0.0388

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0400	0.0392	0.0397
February	0.0402	0.0395	0.0399
March	0.0404	0.0392	0.0398
April	0.0412	0.0401	0.0407
May	0.0406	0.0398	0.0402
June	0.0405	0.0397	0.0402
July	0.0407	0.0396	0.0401
August	0.0409	0.0401	0.0405
September	0.0409	0.0397	0.0403
October	0.0407	0.0398	0.0403
November	0.0411	0.0401	0.0406
December	0.0411	0.0404	0.0408