YEARLY HIGH
4.6299 ISK
YEARLY LOW
3.9140 ISK
YEARLY AVERAGE
4.2036 ISK

2024 TRY to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 4.6299. Conversely, the yearly low was recorded on December 30, dropping to 3.9140.

This high-to-low spread represents a total annual volatility of 0.7159 ISK. From a start-to-finish perspective, comparing the January average rate of 4.5498 to the December average rate of 3.9621, the exchange rate registered a net change of -12.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4.6299 was down 39.96% compared to the 2023 peak of 7.7114, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 231,495 ISK
2023 Average 299,420 ISK
Yearly Trough Low 195,701 ISK
Transaction Impact: A difference of 35,794.14 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4.6086
3.9033
JanuMarcMayJulySeptNove

TRY 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 4.3652, compared to 4.0420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3232 points.

H1 Avg (Jan–Jun) 4.3652
H2 Avg (Jul–Dec) 4.0420

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2107 ISK (High: 4.3995 / Low: 4.1888). On the other end, April was the most stable month, with a tight range of 0.0745 ISK (High: 4.3751 / Low: 4.3006).

March Spread (Volatile) ±0.2107
April Spread (Stable) ±0.0745

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 February and March, when the average rate fell by 0.1912 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.1912

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 4.5498) against the same month in 2023 (average: 7.6087), the exchange rate shifted by -3.0589 (-40.20%).

2024 Avg (January) 4.5498
2023 Avg (January) 7.6087

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.6299 4.4710 4.5498
February 4.5190 4.4120 4.4710
March 4.3995 4.1888 4.2798
April 4.3751 4.3006 4.3342
May 4.3339 4.2572 4.3013
June 4.3003 4.2094 4.2550
July 4.2611 4.1286 4.1833
August 4.1897 4.0056 4.0880
September 4.0859 3.9447 4.0195
October 4.0366 3.9490 3.9937
November 4.0588 3.9437 4.0055
December 3.9930 3.9140 3.9621