2023 BOB to ISK Historical Review

YEARLY HIGH

20.9877 ISK

YEARLY LOW

18.8569 ISK

YEARLY AVERAGE

19.9644 ISK

2023 BOB to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 20.9877. Conversely, the yearly low was recorded on August 30, dropping to 18.8569.

This high-to-low spread represents a total annual volatility of 2.1308 ISK. From a start-to-finish perspective, comparing the January average rate of 20.6797 to the December average rate of 19.9271, the exchange rate registered a net change of -3.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.9877 was down 2.60% compared to the 2022 peak of 21.5480, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104,938 ISK

2022 Average 98,138 ISK

Yearly Trough Low 94,285 ISK

Transaction Impact: A difference of 10,653.77 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.8655

18.9167

JanuMarcMayJulySeptNove

BOB 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 20.2361, compared to 19.6927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5435 points.

H1 Avg (Jan–Jun) 20.2361

H2 Avg (Jul–Dec) 19.6927

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.9794 ISK (High: 19.8546 / Low: 18.8751). On the other end, October was the most stable month, with a tight range of 0.3432 ISK (High: 20.2454 / Low: 19.9022).

July Spread (Volatile) ±0.9794

October Spread (Stable) ±0.3432

Growth Streaks & Declines

Trends

Between 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 0.7317 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 20.7031) against the same month in 2022 (average: 18.1731), the exchange rate shifted by +2.5300 (+13.92%).

2023 Avg (February) 20.7031

2022 Avg (February) 18.1731

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9370	20.4004	20.6797
February	20.9877	20.1739	20.7031
March	20.6274	19.6530	20.2767
April	19.9919	19.5276	19.7570
May	20.3950	19.6316	20.0461
June	20.4221	19.4732	19.9540
July	19.8546	18.8751	19.2222
August	19.2193	18.8569	19.0791
September	19.9390	19.0893	19.5888
October	20.2454	19.9022	20.0721
November	20.7930	19.8339	20.2666
December	20.2521	19.5325	19.9271