2024 NZD to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 1, valuing the pair at 86.4703. Conversely, the yearly low was recorded on December 31, dropping to 77.7686.
This high-to-low spread represents a total annual volatility of 8.7018 ISK. From a start-to-finish perspective, comparing the January average rate of 84.5336 to the December average rate of 79.5789, the exchange rate registered a net change of -5.86% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 86.4703 was down 7.35% compared to the 2023 peak of 93.3322, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 84.1884, compared to 82.7395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4489 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 4.6820 ISK (High: 86.4584 / Low: 81.7765). On the other end, June was the most stable month, with a tight range of 1.3499 ISK (High: 85.8104 / Low: 84.4606).
Growth Streaks & Declines
TrendsBetween March and June, 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 2.1175 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 85.2494) against the same month in 2023 (average: 80.2264), the exchange rate shifted by +5.0230 (+6.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.2304 | 82.6496 | 84.5336 |
| February | 85.4222 | 83.1833 | 84.4068 |
| March | 84.3238 | 81.9942 | 83.3515 |
| April | 84.2094 | 82.6024 | 83.5025 |
| May | 84.8340 | 83.0098 | 84.2530 |
| June | 85.8104 | 84.4606 | 85.0830 |
| July | 84.7059 | 81.1414 | 83.0814 |
| August | 86.4584 | 81.7765 | 83.8369 |
| September | 86.4703 | 84.5900 | 85.2494 |
| October | 85.0949 | 81.6576 | 83.1319 |
| November | 82.8039 | 79.8191 | 81.5587 |
| December | 81.6457 | 77.7686 | 79.5789 |