2023 BWP to ISK Historical Review

YEARLY HIGH

11.3138 ISK

YEARLY LOW

9.6716 ISK

YEARLY AVERAGE

10.3333 ISK

2023 BWP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 11.3138. Conversely, the yearly low was recorded on August 31, dropping to 9.6716.

This high-to-low spread represents a total annual volatility of 1.6421 ISK. From a start-to-finish perspective, comparing the January average rate of 11.1869 to the December average rate of 10.2065, the exchange rate registered a net change of -8.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.3138 was down 1.60% compared to the 2022 peak of 11.4972, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,569 ISK

2022 Average 54,699 ISK

Yearly Trough Low 48,358 ISK

Transaction Impact: A difference of 8,210.58 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.3285

9.6287

JanuMarcMayJulySeptNove

BWP 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 10.6071, compared to 10.0594 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5477 points.

H1 Avg (Jan–Jun) 10.6071

H2 Avg (Jul–Dec) 10.0594

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.4531 ISK (High: 10.5768 / Low: 10.1237). On the other end, August was the most stable month, with a tight range of 0.2477 ISK (High: 9.9193 / Low: 9.6716).

November Spread (Volatile) ±0.4531

August Spread (Stable) ±0.2477

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 February and March, when the average rate fell by 0.3508 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3508

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 11.1869) against the same month in 2022 (average: 11.1116), the exchange rate shifted by +0.0753 (+0.68%).

2023 Avg (January) 11.1869

2022 Avg (January) 11.1116

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.3138	10.9678	11.1869
February	11.1632	10.7809	10.9353
March	10.7755	10.3618	10.5845
April	10.5959	10.2554	10.4004
May	10.4176	10.1022	10.2800
June	10.3818	10.1012	10.2556
July	10.2167	9.8841	10.0233
August	9.9193	9.6716	9.7703
September	10.0890	9.7390	9.9163
October	10.2303	9.9194	10.0907
November	10.5768	10.1237	10.3496
December	10.3212	10.0621	10.2065