2024 MVR to ISK Historical Review

YEARLY HIGH

9.6908 ISK

YEARLY LOW

8.6908 ISK

YEARLY AVERAGE

8.9574 ISK

2024 MVR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 9.6908. Conversely, the yearly low was recorded on March 13, dropping to 8.6908.

This high-to-low spread represents a total annual volatility of 0.9999 ISK. From a start-to-finish perspective, comparing the January average rate of 8.8893 to the December average rate of 9.0007, 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 9.6908 was up 2.68% compared to the 2023 peak of 9.4378, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 48,454 ISK

2023 Average 44,849 ISK

Yearly Trough Low 43,454 ISK

Transaction Impact: A difference of 4,999.67 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.0954

8.8705

JanuMarcMayJulySeptNove

MVR 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 8.9690, compared to 8.9459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0231 points.

H1 Avg (Jan–Jun) 8.9690

H2 Avg (Jul–Dec) 8.9459

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.8047 ISK (High: 9.6908 / Low: 8.8861). On the other end, July was the most stable month, with a tight range of 0.1703 ISK (High: 9.0182 / Low: 8.8479).

May Spread (Volatile) ±0.8047

July Spread (Stable) ±0.1703

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 0.0759 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0759

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 9.0008) against the same month in 2023 (average: 9.0233), the exchange rate shifted by -0.0225 (-0.25%).

2024 Avg (May) 9.0008

2023 Avg (May) 9.0233

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.9594	8.7726	8.8893
February	9.0463	8.8442	8.9470
March	9.0136	8.6908	8.8897
April	9.1929	8.9560	9.0767
May	9.6908	8.8861	9.0008
June	9.0914	8.8964	9.0103
July	9.0182	8.8479	8.9451
August	9.0534	8.8512	8.9572
September	9.0508	8.7837	8.9171
October	9.0091	8.8079	8.9114
November	9.0349	8.8230	8.9440
December	9.0779	8.8961	9.0007