2024 SEK to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 2, valuing the pair at 13.5094. Conversely, the yearly low was recorded on November 18, dropping to 12.4977.
This high-to-low spread represents a total annual volatility of 1.0117 ISK. From a start-to-finish perspective, comparing the January average rate of 13.2339 to the December average rate of 12.6137, the exchange rate registered a net change of -4.69% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 13.5094 was down 4.23% compared to the 2023 peak of 14.1067, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK 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 13.1114, compared to 12.9933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1182 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.6165 ISK (High: 13.3437 / Low: 12.7273). On the other end, December was the most stable month, with a tight range of 0.1514 ISK (High: 12.6754 / Low: 12.5240).
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 October and November, when the average rate fell by 0.3793 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 13.3950) against the same month in 2023 (average: 12.2007), the exchange rate shifted by +1.1943 (+9.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 13.4993 | 12.9121 | 13.2339 |
| February | 13.4215 | 12.9993 | 13.1992 |
| March | 13.3610 | 12.9400 | 13.1606 |
| April | 13.1522 | 12.7545 | 12.9620 |
| May | 13.0531 | 12.8103 | 12.9139 |
| June | 13.3221 | 13.0520 | 13.1990 |
| July | 13.3437 | 12.7273 | 12.9532 |
| August | 13.4971 | 12.9481 | 13.2551 |
| September | 13.5094 | 13.2773 | 13.3950 |
| October | 13.1856 | 12.8053 | 13.0610 |
| November | 12.9662 | 12.4977 | 12.6817 |
| December | 12.6754 | 12.5240 | 12.6137 |