2024 SAR to ISK Historical Review

YEARLY HIGH

37.8631 ISK

YEARLY LOW

35.9453 ISK

YEARLY AVERAGE

36.7695 ISK

2024 SAR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 37.8631. Conversely, the yearly low was recorded on September 26, dropping to 35.9453.

This high-to-low spread represents a total annual volatility of 1.9179 ISK. From a start-to-finish perspective, comparing the January average rate of 36.5065 to the December average rate of 36.9177, the exchange rate registered a net change of 1.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 37.8631 was down 1.97% compared to the 2023 peak of 38.6232, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 189,316 ISK

2023 Average 183,749 ISK

Yearly Trough Low 179,726 ISK

Transaction Impact: A difference of 9,589.27 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

37.4924

36.3398

JanuMarcMayJulySeptNove

SAR 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 36.8674, compared to 36.6716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1957 points.

H1 Avg (Jan–Jun) 36.8674

H2 Avg (Jul–Dec) 36.6716

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.1242 ISK (High: 37.1382 / Low: 36.0141). On the other end, July was the most stable month, with a tight range of 0.5848 ISK (High: 37.0172 / Low: 36.4324).

March Spread (Volatile) ±1.1242

July Spread (Stable) ±0.5848

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 April and May, when the average rate fell by 0.3875 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3875

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 37.3963) against the same month in 2023 (average: 36.3878), the exchange rate shifted by +1.0085 (+2.77%).

2024 Avg (April) 37.3963

2023 Avg (April) 36.3878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.7775	36.0204	36.5065
February	37.0258	36.3191	36.7277
March	37.1382	36.0141	36.5845
April	37.8631	36.8909	37.3963
May	37.3506	36.6033	37.0088
June	37.2260	36.5461	36.9804
July	37.0172	36.4324	36.7130
August	37.0434	36.3153	36.7123
September	37.0210	35.9453	36.4908
October	36.8225	36.0281	36.4359
November	37.2074	36.2506	36.7600
December	37.2104	36.5876	36.9177