2023 GMD to ISK Historical Review

YEARLY HIGH

2.3710 ISK

YEARLY LOW

2.0135 ISK

YEARLY AVERAGE

2.2173 ISK

2023 GMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 2.3710. Conversely, the yearly low was recorded on December 27, dropping to 2.0135.

This high-to-low spread represents a total annual volatility of 0.3575 ISK. From a start-to-finish perspective, comparing the January average rate of 2.3039 to the December average rate of 2.0467, the exchange rate registered a net change of -11.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3710 was down 9.96% compared to the 2022 peak of 2.6332, 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 11,855 ISK

2022 Average 12,224 ISK

Yearly Trough Low 10,068 ISK

Transaction Impact: A difference of 1,787.62 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3712

2.0172

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 2.2944, compared to 2.1403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1541 points.

H1 Avg (Jan–Jun) 2.2944

H2 Avg (Jul–Dec) 2.1403

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1511 ISK (High: 2.2583 / Low: 2.1072). On the other end, August was the most stable month, with a tight range of 0.0462 ISK (High: 2.1900 / Low: 2.1438).

September Spread (Volatile) ±0.1511

August Spread (Stable) ±0.0462

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0928 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0928

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.3417) against the same month in 2022 (average: 2.3540), the exchange rate shifted by -0.0123 (-0.52%).

2023 Avg (February) 2.3417

2022 Avg (February) 2.3540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3311	2.2804	2.3039
February	2.3710	2.2628	2.3417
March	2.3355	2.1847	2.2794
April	2.2679	2.1659	2.2072
May	2.3636	2.2585	2.3165
June	2.3681	2.2652	2.3177
July	2.3020	2.1870	2.2249
August	2.1900	2.1438	2.1761
September	2.2583	2.1072	2.1904
October	2.1409	2.0925	2.1123
November	2.1447	2.0349	2.0913
December	2.0769	2.0135	2.0467