2020 FKP to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 FKP to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the FKP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 2, valuing the pair at 185.3637. Conversely, the yearly low was recorded on January 14, dropping to 159.8756.
This high-to-low spread represents a total annual volatility of 25.4881 ISK. From a start-to-finish perspective, comparing the January average rate of 161.4539 to the December average rate of 171.3088, the exchange rate registered a net change of 6.10% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 185.3637 was up 12.57% compared to the 2019 peak of 164.6706, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
FKP to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 169.5799, compared to 177.5827 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.0027 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was May, with a trading range of 15.2179 ISK (High: 182.8917 / Low: 167.6738). On the other end, January was the most stable month, with a tight range of 3.6519 ISK (High: 163.5275 / Low: 159.8756).
Growth Streaks & Declines
TrendsBetween January and April, 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 November and December, when the average rate fell by 9.1545 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2020: 178.4648) against the same month in 2019 (average: 154.2988), the exchange rate shifted by +24.1661 (+15.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 163.5275 | 159.8756 | 161.4539 |
| February | 166.6302 | 161.5538 | 164.0642 |
| March | 175.8691 | 161.1933 | 166.5498 |
| April | 183.1200 | 175.8122 | 179.2520 |
| May | 182.8917 | 167.6738 | 176.3131 |
| June | 173.3141 | 165.6254 | 169.8466 |
| July | 177.8537 | 172.6236 | 175.2292 |
| August | 183.7189 | 177.1299 | 179.5985 |
| September | 185.3637 | 173.4448 | 178.4648 |
| October | 182.6921 | 177.9290 | 180.4312 |
| November | 182.6500 | 176.8568 | 180.4633 |
| December | 175.6785 | 168.0075 | 171.3088 |