YEARLY HIGH
2.8863 ISK
YEARLY LOW
2.3620 ISK
YEARLY AVERAGE
2.6293 ISK

2020 GMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 23, valuing the pair at 2.8863. Conversely, the yearly low was recorded on January 1, dropping to 2.3620.

This high-to-low spread represents a total annual volatility of 0.5243 ISK. From a start-to-finish perspective, comparing the January average rate of 2.4126 to the December average rate of 2.4611, the exchange rate registered a net change of 2.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.8863 was up 13.21% compared to the 2019 peak of 2.5495, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,431 ISK
2019 Average 12,235 ISK
Yearly Trough Low 11,810 ISK
Transaction Impact: A difference of 2,621.62 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.8737
2.3707
JanuMarcMayJulySeptNove

GMD 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 2.6322, compared to 2.6264 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 2.6322
H2 Avg (Jul–Dec) 2.6264

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2997 ISK (High: 2.7821 / Low: 2.4824). On the other end, October was the most stable month, with a tight range of 0.0672 ISK (High: 2.7295 / Low: 2.6623).

March Spread (Volatile) ±0.2997
October Spread (Stable) ±0.0672

Growth Streaks & Declines

Trends

Between 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 0.1767 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1767

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 2.8318) against the same month in 2019 (average: 2.4298), the exchange rate shifted by +0.4020 (+16.54%).

2020 Avg (April) 2.8318
2019 Avg (April) 2.4298

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.4377 2.3620 2.4126
February 2.5176 2.4071 2.4793
March 2.7821 2.4824 2.6468
April 2.8863 2.7856 2.8318
May 2.8822 2.6368 2.7921
June 2.7029 2.5511 2.6308
July 2.7227 2.5949 2.6733
August 2.6701 2.6015 2.6380
September 2.7120 2.6085 2.6618
October 2.7295 2.6623 2.6862
November 2.7305 2.5681 2.6378
December 2.5293 2.4201 2.4611