2024 SYP to ISK Historical Review

YEARLY HIGH

0.0565 ISK

YEARLY LOW

0.0106 ISK

YEARLY AVERAGE

0.0536 ISK

2024 SYP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SYP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0565. Conversely, the yearly low was recorded on December 30, dropping to 0.0106.

This high-to-low spread represents a total annual volatility of 0.0459 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0545 to the December average rate of 0.0394, the exchange rate registered a net change of -27.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0565 was down 1.96% compared to the 2023 peak of 0.0577, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 283 ISK

2023 Average 274 ISK

Yearly Trough Low 53 ISK

Transaction Impact: A difference of 229.46 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0575

0.0377

JanuMarcMayJulySeptNove

SYP 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 0.0550, compared to 0.0521 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0550

H2 Avg (Jul–Dec) 0.0521

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0450 ISK (High: 0.0556 / Low: 0.0106). On the other end, July was the most stable month, with a tight range of 0.0009 ISK (High: 0.0553 / Low: 0.0544).

December Spread (Volatile) ±0.0450

July Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0156 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0558) against the same month in 2023 (average: 0.0543), the exchange rate shifted by +0.0015 (+2.76%).

2024 Avg (April) 0.0558

2023 Avg (April) 0.0543

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0549	0.0538	0.0545
February	0.0553	0.0542	0.0548
March	0.0554	0.0538	0.0546
April	0.0565	0.0551	0.0558
May	0.0558	0.0546	0.0552
June	0.0556	0.0546	0.0552
July	0.0553	0.0544	0.0548
August	0.0553	0.0542	0.0548
September	0.0553	0.0537	0.0545
October	0.0550	0.0538	0.0545
November	0.0556	0.0542	0.0549
December	0.0556	0.0106	0.0394