2023 BRL to ISK Historical Review

YEARLY HIGH

29.3029 ISK

YEARLY LOW

26.1112 ISK

YEARLY AVERAGE

27.6199 ISK

2023 BRL to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 29.3029. Conversely, the yearly low was recorded on March 23, dropping to 26.1112.

This high-to-low spread represents a total annual volatility of 3.1918 ISK. From a start-to-finish perspective, comparing the January average rate of 27.5531 to the December average rate of 28.1498, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.3029 was up 0.87% compared to the 2022 peak of 29.0497, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 732,573 ISK

2022 Average 655,865 ISK

Yearly Trough Low 652,779 ISK

Transaction Impact: A difference of 79,794.21 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.7122

26.6821

JanuMarcMayJulySeptNove

BRL 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 27.5807, compared to 27.6591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0784 points.

H1 Avg (Jan–Jun) 27.5807

H2 Avg (Jul–Dec) 27.6591

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.1011 ISK (High: 28.3535 / Low: 26.2524). On the other end, December was the most stable month, with a tight range of 0.5954 ISK (High: 28.4453 / Low: 27.8499).

January Spread (Volatile) ±2.1011

December Spread (Stable) ±0.5954

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 0.7914 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7914

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 28.5430) against the same month in 2022 (average: 27.3067), the exchange rate shifted by +1.2363 (+4.53%).

2023 Avg (November) 28.5430

2022 Avg (November) 27.3067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.3535	26.2524	27.5531
February	28.0445	26.5913	27.6246
March	27.6148	26.1112	26.8513
April	27.7545	26.8600	27.2197
May	28.3833	27.0487	27.8247
June	28.6307	27.7789	28.4108
July	28.4849	27.1202	27.6538
August	27.4777	26.4479	26.8624
September	28.0572	26.6737	27.3642
October	27.9999	26.5925	27.3811
November	29.3029	27.9593	28.5430
December	28.4453	27.8499	28.1498