YEARLY HIGH
0.1180 ISK
YEARLY LOW
0.1074 ISK
YEARLY AVERAGE
0.1110 ISK

2021 KRW to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the KRW to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 0.1180. Conversely, the yearly low was recorded on July 31, dropping to 0.1074.

This high-to-low spread represents a total annual volatility of 0.0106 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1169 to the December average rate of 0.1098, the exchange rate registered a net change of -6.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1180 was down 5.59% compared to the 2020 peak of 0.1250, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 589,940 ISK
2020 Average 574,125 ISK
Yearly Trough Low 536,925 ISK
Transaction Impact: A difference of 53,014.87 ISK purely based on transaction execution date.

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0.1177
0.1078
JanuMarcMayJulySeptNove

KRW 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 0.1127, compared to 0.1093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.1127
H2 Avg (Jul–Dec) 0.1093

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0046 ISK (High: 0.1153 / Low: 0.1106). On the other end, June was the most stable month, with a tight range of 0.0016 ISK (High: 0.1095 / Low: 0.1078).

March Spread (Volatile) Âą0.0046
June Spread (Stable) Âą0.0016

Growth Streaks & Declines

Trends

Between July and September, 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 February and March, when the average rate fell by 0.0027 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1169) against the same month in 2020 (average: 0.1059), the exchange rate shifted by +0.0110 (+10.38%).

2021 Avg (January) 0.1169
2020 Avg (January) 0.1059

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Month High Low Average
January 0.1180 0.1150 0.1169
February 0.1169 0.1126 0.1154
March 0.1153 0.1106 0.1126
April 0.1137 0.1103 0.1126
May 0.1120 0.1077 0.1099
June 0.1095 0.1078 0.1087
July 0.1097 0.1074 0.1086
August 0.1100 0.1074 0.1087
September 0.1102 0.1080 0.1092
October 0.1107 0.1079 0.1092
November 0.1122 0.1081 0.1101
December 0.1109 0.1091 0.1098