2024 SCR to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SCR to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SCR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 10.6682. Conversely, the yearly low was recorded on October 14, dropping to 9.0962.
This high-to-low spread represents a total annual volatility of 1.5720 ISK. From a start-to-finish perspective, comparing the January average rate of 10.2316 to the December average rate of 9.8321, the exchange rate registered a net change of -3.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.6682 was down 4.00% compared to the 2023 peak of 11.1123, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SCR 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 10.1821, compared to 10.0109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1712 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.4838 ISK (High: 10.6682 / Low: 9.1845). On the other end, May was the most stable month, with a tight range of 0.4655 ISK (High: 10.4221 / Low: 9.9565).
Growth Streaks & Declines
TrendsBetween July and September, 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 November and December, when the average rate fell by 0.2115 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 10.0375) against the same month in 2023 (average: 9.8588), the exchange rate shifted by +0.1787 (+1.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.5161 | 9.9052 | 10.2316 |
| February | 10.5319 | 9.9893 | 10.2351 |
| March | 10.3078 | 9.5434 | 10.0957 |
| April | 10.5587 | 9.8297 | 10.3216 |
| May | 10.4221 | 9.9565 | 10.1642 |
| June | 10.2961 | 9.5024 | 10.0443 |
| July | 10.2692 | 9.7334 | 9.9833 |
| August | 10.6682 | 9.1845 | 10.0375 |
| September | 10.5350 | 9.6877 | 10.1833 |
| October | 10.5287 | 9.0962 | 9.9857 |
| November | 10.3711 | 9.6305 | 10.0436 |
| December | 10.4289 | 9.1430 | 9.8321 |