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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.
Comparing the value generated converting 5,000 ISK based on timing:
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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)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 163.3492, compared to 164.4913 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 1.1421 points.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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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 |