2023 FKP to ISK Historical Review

YEARLY HIGH

178.5406 ISK

YEARLY LOW

165.2036 ISK

YEARLY AVERAGE

171.4367 ISK

2023 FKP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 178.5406. Conversely, the yearly low was recorded on August 29, dropping to 165.2036.

This high-to-low spread represents a total annual volatility of 13.3370 ISK. From a start-to-finish perspective, comparing the January average rate of 174.9630 to the December average rate of 174.5959, the exchange rate registered a net change of -0.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 178.5406 was up 0.87% compared to the 2022 peak of 176.9955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 892,703 ISK

2022 Average 834,530 ISK

Yearly Trough Low 826,018 ISK

Transaction Impact: A difference of 66,685.00 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

175.7151

166.6906

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 172.3690, compared to 170.5044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8646 points.

H1 Avg (Jan–Jun) 172.3690

H2 Avg (Jul–Dec) 170.5044

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 7.2261 ISK (High: 178.5406 / Low: 171.3146). On the other end, April was the most stable month, with a tight range of 2.0143 ISK (High: 170.9004 / Low: 168.8862).

January Spread (Volatile) ±7.2261

April Spread (Stable) ±2.0143

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 3.4398 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -3.4398

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 174.9630) against the same month in 2022 (average: 174.8404), the exchange rate shifted by +0.1226 (+0.07%).

2023 Avg (January) 174.9630

2022 Avg (January) 174.8404

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	178.5406	171.3146	174.9630
February	175.4246	170.4263	172.6004
March	171.8672	168.0625	169.8231
April	170.9004	168.8862	169.8776
May	174.9080	170.0592	172.7487
June	175.6226	171.8281	174.2011
July	174.4910	168.3782	170.8825
August	168.6509	165.2036	167.4427
September	169.4346	166.0507	167.6123
October	169.8286	167.4395	168.6764
November	176.5885	169.9402	173.8165
December	176.3001	172.7561	174.5959