2023 BND to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BND to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BND to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 109.3620. Conversely, the yearly low was recorded on August 30, dropping to 96.2662.
This high-to-low spread represents a total annual volatility of 13.0958 ISK. From a start-to-finish perspective, comparing the January average rate of 107.6944 to the December average rate of 103.4647, the exchange rate registered a net change of -3.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 109.3620 was up 2.76% compared to the 2022 peak of 106.4221, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BND to ISK 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: Jan–Jun) was 104.6696, compared to 100.8075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.8621 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 4.3851 ISK (High: 104.5091 / Low: 100.1240). On the other end, October was the most stable month, with a tight range of 1.8188 ISK (High: 102.0933 / Low: 100.2745).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 3.0122 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 107.6944) against the same month in 2022 (average: 95.5146), the exchange rate shifted by +12.1798 (+12.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109.3620 | 105.6617 | 107.6944 |
| February | 108.6014 | 106.1870 | 107.4222 |
| March | 106.0118 | 102.1915 | 104.4294 |
| April | 103.8791 | 101.1778 | 102.6160 |
| May | 104.5557 | 101.8396 | 103.4128 |
| June | 104.5091 | 100.1240 | 102.4425 |
| July | 101.6738 | 98.5614 | 99.4303 |
| August | 98.8756 | 96.2662 | 97.6181 |
| September | 101.0503 | 97.6950 | 99.3318 |
| October | 102.0933 | 100.2745 | 101.2616 |
| November | 105.6681 | 101.7942 | 103.7382 |
| December | 104.3961 | 102.5248 | 103.4647 |