2024 MWK to ISK Historical Review

YEARLY HIGH

0.0825 ISK

YEARLY LOW

0.0776 ISK

YEARLY AVERAGE

0.0801 ISK

2024 MWK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MWK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 0.0825. Conversely, the yearly low was recorded on September 25, dropping to 0.0776.

This high-to-low spread represents a total annual volatility of 0.0049 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0814 to the December average rate of 0.0800, the exchange rate registered a net change of -1.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0825 was down 41.77% compared to the 2023 peak of 0.1417, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 412 ISK

2023 Average 623 ISK

Yearly Trough Low 388 ISK

Transaction Impact: A difference of 24.51 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0821

0.0785

JanuMarcMayJulySeptNove

MWK 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 0.0808, compared to 0.0794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0808

H2 Avg (Jul–Dec) 0.0794

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0029 ISK (High: 0.0821 / Low: 0.0792). On the other end, July was the most stable month, with a tight range of 0.0013 ISK (High: 0.0801 / Low: 0.0788).

March Spread (Volatile) ±0.0029

July Spread (Stable) ±0.0013

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 February and March, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0818) against the same month in 2023 (average: 0.1394), the exchange rate shifted by -0.0576 (-41.31%).

2024 Avg (February) 0.0818

2023 Avg (February) 0.1394

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0820	0.0803	0.0814
February	0.0825	0.0808	0.0818
March	0.0821	0.0792	0.0808
April	0.0818	0.0799	0.0809
May	0.0808	0.0791	0.0801
June	0.0806	0.0791	0.0800
July	0.0801	0.0788	0.0794
August	0.0802	0.0785	0.0795
September	0.0801	0.0776	0.0789
October	0.0797	0.0779	0.0788
November	0.0806	0.0785	0.0796
December	0.0806	0.0792	0.0800