YEARLY HIGH
174.9367 STD
YEARLY LOW
154.9392 STD
YEARLY AVERAGE
163.9202 STD

2023 ISK to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 174.9367. Conversely, the yearly low was recorded on November 13, dropping to 154.9392.

This high-to-low spread represents a total annual volatility of 19.9975 STD. From a start-to-finish perspective, comparing the January average rate of 159.7279 to the December average rate of 161.6546, the exchange rate registered a net change of 1.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 174.9367 was down 3.65% compared to the 2022 peak of 181.5634, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 874,683 STD
2022 Average 820,375 STD
Yearly Trough Low 774,696 STD
Transaction Impact: A difference of 99,987.69 STD purely based on transaction execution date.

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172.7276
158.0993
JanuMarcMayJulySeptNove

ISK to STD 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 163.3492, compared to 164.4913 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1421 points.

H1 Avg (Jan–Jun) 163.3492
H2 Avg (Jul–Dec) 164.4913

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 8.5811 STD (High: 174.9367 / Low: 166.3556). On the other end, August was the most stable month, with a tight range of 2.7598 STD (High: 170.8989 / Low: 168.1391).

July Spread (Volatile) Âą8.5811
August Spread (Stable) Âą2.7598

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 4.3405 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -4.3405

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 171.5086) against the same month in 2022 (average: 163.3353), the exchange rate shifted by +8.1733 (+5.00%).

2023 Avg (July) 171.5086
2022 Avg (July) 163.3353

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Month High Low Average
January 161.9527 157.6678 159.7279
February 163.7420 157.5481 159.5420
March 168.0459 160.1009 163.1519
April 169.1668 165.5712 167.2195
May 168.2937 162.0217 164.8620
June 169.6320 161.7920 165.5920
July 174.9367 166.3556 171.5086
August 170.8989 168.1391 169.0175
September 168.9088 161.5560 164.6771
October 162.5697 159.1785 160.7713
November 162.7003 154.9392 159.3184
December 164.2474 159.1785 161.6546