2024 SGD to ISK Historical Review

YEARLY HIGH

106.3179 ISK

YEARLY LOW

100.7836 ISK

YEARLY AVERAGE

103.2437 ISK

2024 SGD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 106.3179. Conversely, the yearly low was recorded on January 21, dropping to 100.7836.

This high-to-low spread represents a total annual volatility of 5.5342 ISK. From a start-to-finish perspective, comparing the January average rate of 102.4882 to the December average rate of 102.6496, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 106.3179 was down 3.04% compared to the 2023 peak of 109.6494, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 531,589 ISK

2023 Average 513,397 ISK

Yearly Trough Low 503,918 ISK

Transaction Impact: A difference of 27,671.13 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

106.0197

101.9491

JanuMarcMayJulySeptNove

SGD 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 102.6371, compared to 103.8503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2132 points.

H1 Avg (Jan–Jun) 102.6371

H2 Avg (Jul–Dec) 103.8503

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 3.0463 ISK (High: 103.8299 / Low: 100.7836). On the other end, February was the most stable month, with a tight range of 0.9121 ISK (High: 102.8048 / Low: 101.8927).

January Spread (Volatile) ±3.0463

February Spread (Stable) ±0.9121

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 1.2831 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.2831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 105.6805) against the same month in 2023 (average: 99.2567), the exchange rate shifted by +6.4239 (+6.47%).

2024 Avg (September) 105.6805

2023 Avg (September) 99.2567

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	103.8299	100.7836	102.4882
February	102.8048	101.8927	102.3982
March	103.3321	101.3775	102.2883
April	104.0753	102.6865	103.3356
May	103.5060	101.5515	102.7547
June	103.1472	101.5590	102.5578
July	103.4970	101.7870	102.3336
August	105.9283	103.7011	104.7220
September	106.3179	104.8409	105.6805
October	105.1651	103.4366	104.3974
November	104.6620	101.8783	103.3186
December	103.5800	101.7220	102.6496