2024 NPR to ISK Historical Review

YEARLY HIGH

1.0636 ISK

YEARLY LOW

1.0063 ISK

YEARLY AVERAGE

1.0309 ISK

2024 NPR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 1.0636. Conversely, the yearly low was recorded on October 5, dropping to 1.0063.

This high-to-low spread represents a total annual volatility of 0.0573 ISK. From a start-to-finish perspective, comparing the January average rate of 1.0297 to the December average rate of 1.0206, the exchange rate registered a net change of -0.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0636 was down 3.46% compared to the 2023 peak of 1.1017, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,318 ISK

2023 Average 5,220 ISK

Yearly Trough Low 5,031 ISK

Transaction Impact: A difference of 286.27 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0553

1.0137

JanuMarcMayJulySeptNove

NPR 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 1.0386, compared to 1.0232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0154 points.

H1 Avg (Jan–Jun) 1.0386

H2 Avg (Jul–Dec) 1.0232

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0278 ISK (High: 1.0344 / Low: 1.0067). On the other end, July was the most stable month, with a tight range of 0.0170 ISK (High: 1.0397 / Low: 1.0227).

September Spread (Volatile) ±0.0278

July Spread (Stable) ±0.0170

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0111 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 1.0518) against the same month in 2023 (average: 1.0417), the exchange rate shifted by +0.0101 (+0.97%).

2024 Avg (April) 1.0518

2023 Avg (April) 1.0417

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0371	1.0173	1.0297
February	1.0461	1.0251	1.0371
March	1.0455	1.0206	1.0334
April	1.0636	1.0395	1.0518
May	1.0493	1.0296	1.0407
June	1.0456	1.0278	1.0387
July	1.0397	1.0227	1.0299
August	1.0390	1.0149	1.0272
September	1.0344	1.0067	1.0210
October	1.0279	1.0063	1.0171
November	1.0345	1.0117	1.0231
December	1.0281	1.0110	1.0206