YEARLY HIGH
180.1329 ISK
YEARLY LOW
169.5619 ISK
YEARLY AVERAGE
174.6644 ISK

2021 FKP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the FKP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 180.1329. Conversely, the yearly low was recorded on July 19, dropping to 169.5619.

This high-to-low spread represents a total annual volatility of 10.5709 ISK. From a start-to-finish perspective, comparing the January average rate of 175.3786 to the December average rate of 173.1428, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 180.1329 was down 2.82% compared to the 2020 peak of 185.3637, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 900,664 ISK
2020 Average 867,979 ISK
Yearly Trough Low 847,810 ISK
Transaction Impact: A difference of 52,854.56 ISK purely based on transaction execution date.

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178.6630
170.3726
JanuMarcMayJulySeptNove

FKP 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 174.7690, compared to 174.5598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2092 points.

H1 Avg (Jan–Jun) 174.7690
H2 Avg (Jul–Dec) 174.5598

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 7.1108 ISK (High: 179.1849 / Low: 172.0741). On the other end, June was the most stable month, with a tight range of 1.9497 ISK (High: 171.7580 / Low: 169.8083).

March Spread (Volatile) Âą7.1108
June Spread (Stable) Âą1.9497

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.5159 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -2.5159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 177.9721) against the same month in 2020 (average: 164.0642), the exchange rate shifted by +13.9079 (+8.48%).

2021 Avg (February) 177.9721
2020 Avg (February) 164.0642

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Month High Low Average
January 177.3628 171.7583 175.3786
February 180.1329 175.9443 177.9721
March 179.1849 172.0741 176.4344
April 176.2675 170.8883 174.2250
May 175.6297 171.1193 173.5404
June 171.7580 169.8083 171.0635
July 174.9820 169.5619 171.7916
August 175.4798 171.7580 174.0179
September 177.4473 173.6711 176.0767
October 178.0569 174.2928 176.6714
November 178.3878 172.2634 175.6587
December 175.9669 171.4668 173.1428