2023 EUR to ISK Historical Review

YEARLY HIGH

157.1023 ISK

YEARLY LOW

142.1070 ISK

YEARLY AVERAGE

149.2236 ISK

2023 EUR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 157.1023. Conversely, the yearly low was recorded on August 31, dropping to 142.1070.

This high-to-low spread represents a total annual volatility of 14.9953 ISK. From a start-to-finish perspective, comparing the January average rate of 154.1536 to the December average rate of 150.5657, the exchange rate registered a net change of -2.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 157.1023 was up 2.66% compared to the 2022 peak of 153.0310, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 785,512 ISK

2022 Average 711,522 ISK

Yearly Trough Low 710,535 ISK

Transaction Impact: A difference of 74,976.71 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

155.1859

142.7984

JanuMarcMayJulySeptNove

EUR 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 151.2128, compared to 147.2345 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9783 points.

H1 Avg (Jan–Jun) 151.2128

H2 Avg (Jul–Dec) 147.2345

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 6.2111 ISK (High: 153.9004 / Low: 147.6893). On the other end, December was the most stable month, with a tight range of 1.7482 ISK (High: 151.8093 / Low: 150.0611).

November Spread (Volatile) ±6.2111

December Spread (Stable) ±1.7482

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 3.2065 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.2065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 154.1536) against the same month in 2022 (average: 146.0305), the exchange rate shifted by +8.1232 (+5.56%).

2023 Avg (January) 154.1536

2022 Avg (January) 146.0305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	157.1023	151.6090	154.1536
February	154.7154	151.1015	153.1136
March	151.5242	148.0903	149.9071
April	151.5782	148.9401	149.9904
May	152.6889	149.2981	150.6313
June	150.9535	147.8929	149.4806
July	149.3078	144.2996	146.7234
August	145.2997	142.1070	143.8307
September	145.7864	142.3173	144.4987
October	147.5065	144.8217	146.4374
November	153.9004	147.6893	151.3512
December	151.8093	150.0611	150.5657