2024 PKR to ISK Historical Review

YEARLY HIGH

0.5103 ISK

YEARLY LOW

0.4830 ISK

YEARLY AVERAGE

0.4955 ISK

2024 PKR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.5103. Conversely, the yearly low was recorded on January 21, dropping to 0.4830.

This high-to-low spread represents a total annual volatility of 0.0272 ISK. From a start-to-finish perspective, comparing the January average rate of 0.4891 to the December average rate of 0.4987, the exchange rate registered a net change of 1.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5103 was down 19.94% compared to the 2023 peak of 0.6374, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 255,126 ISK

2023 Average 247,910 ISK

Yearly Trough Low 241,516 ISK

Transaction Impact: A difference of 13,609.11 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5060

0.4876

JanuMarcMayJulySeptNove

PKR 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 0.4961, compared to 0.4949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.4961

H2 Avg (Jul–Dec) 0.4949

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0174 ISK (High: 0.5016 / Low: 0.4842). On the other end, December was the most stable month, with a tight range of 0.0081 ISK (High: 0.5025 / Low: 0.4944).

March Spread (Volatile) ±0.0174

December Spread (Stable) ±0.0081

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 April and May, when the average rate fell by 0.0056 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.5044) against the same month in 2023 (average: 0.4812), the exchange rate shifted by +0.0232 (+4.82%).

2024 Avg (April) 0.5044

2023 Avg (April) 0.4812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4963	0.4830	0.4891
February	0.4985	0.4871	0.4937
March	0.5016	0.4842	0.4924
April	0.5103	0.4986	0.5044
May	0.5032	0.4928	0.4989
June	0.5016	0.4919	0.4982
July	0.4988	0.4907	0.4948
August	0.4989	0.4890	0.4948
September	0.4986	0.4855	0.4921
October	0.4979	0.4869	0.4924
November	0.5030	0.4900	0.4967
December	0.5025	0.4944	0.4987