2023 ETB to ISK Historical Review

YEARLY HIGH

2.6981 ISK

YEARLY LOW

2.3588 ISK

YEARLY AVERAGE

2.5203 ISK

2023 ETB to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.6981. Conversely, the yearly low was recorded on August 30, dropping to 2.3588.

This high-to-low spread represents a total annual volatility of 0.3394 ISK. From a start-to-finish perspective, comparing the January average rate of 2.6642 to the December average rate of 2.4548, the exchange rate registered a net change of -7.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6981 was down 3.56% compared to the 2022 peak of 2.7976, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,491 ISK

2022 Average 13,019 ISK

Yearly Trough Low 11,794 ISK

Transaction Impact: A difference of 1,696.76 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6913

2.3664

JanuMarcMayJulySeptNove

ETB 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 2.5872, compared to 2.4535 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1337 points.

H1 Avg (Jan–Jun) 2.5872

H2 Avg (Jul–Dec) 2.4535

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1355 ISK (High: 2.5920 / Low: 2.4564). On the other end, October was the most stable month, with a tight range of 0.0497 ISK (High: 2.5193 / Low: 2.4696).

June Spread (Volatile) ±0.1355

October Spread (Stable) ±0.0497

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 0.1055 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.6642) against the same month in 2022 (average: 2.6010), the exchange rate shifted by +0.0632 (+2.43%).

2023 Avg (January) 2.6642

2022 Avg (January) 2.6010

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6981	2.6272	2.6642
February	2.6980	2.5974	2.6639
March	2.6503	2.5194	2.6031
April	2.5608	2.4854	2.5196
May	2.5877	2.4931	2.5465
June	2.5920	2.4564	2.5258
July	2.4991	2.3721	2.4203
August	2.4122	2.3588	2.3935
September	2.4944	2.3872	2.4507
October	2.5193	2.4696	2.4923
November	2.5764	2.4572	2.5092
December	2.5039	2.4103	2.4548