2024 PEN to ISK Historical Review

YEARLY HIGH

38.3830 ISK

YEARLY LOW

35.6010 ISK

YEARLY AVERAGE

36.7654 ISK

2024 PEN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 38.3830. Conversely, the yearly low was recorded on February 6, dropping to 35.6010.

This high-to-low spread represents a total annual volatility of 2.7820 ISK. From a start-to-finish perspective, comparing the January average rate of 36.6948 to the December average rate of 37.1648, the exchange rate registered a net change of 1.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 38.3830 was up 0.25% compared to the 2023 peak of 38.2881, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 191,915 ISK

2023 Average 184,341 ISK

Yearly Trough Low 178,005 ISK

Transaction Impact: A difference of 13,909.92 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

37.9282

35.7986

JanuMarcMayJulySeptNove

PEN 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 36.8708, compared to 36.6600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2109 points.

H1 Avg (Jan–Jun) 36.8708

H2 Avg (Jul–Dec) 36.6600

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.3765 ISK (High: 37.2416 / Low: 35.8651). On the other end, October was the most stable month, with a tight range of 0.5579 ISK (High: 36.7983 / Low: 36.2404).

January Spread (Volatile) ±1.3765

October Spread (Stable) ±0.5579

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 0.7187 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7187

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 37.7507) against the same month in 2023 (average: 36.3313), the exchange rate shifted by +1.4194 (+3.91%).

2024 Avg (April) 37.7507

2023 Avg (April) 36.3313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.2416	35.8651	36.6948
February	36.4315	35.6010	35.9761
March	37.4827	36.3546	36.9349
April	38.3830	37.2764	37.7507
May	37.8429	36.5382	37.2006
June	37.0981	36.1676	36.6677
July	37.0589	36.0794	36.5913
August	37.1914	36.3505	36.8837
September	36.9583	35.7746	36.3259
October	36.7983	36.2404	36.4787
November	36.8455	35.9315	36.5152
December	37.5301	36.7426	37.1648