2023 GNF to ISK Historical Review

YEARLY HIGH

0.0169 ISK

YEARLY LOW

0.0151 ISK

YEARLY AVERAGE

0.0160 ISK

2023 GNF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.0169. Conversely, the yearly low was recorded on July 18, dropping to 0.0151.

This high-to-low spread represents a total annual volatility of 0.0018 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0165 to the December average rate of 0.0160, the exchange rate registered a net change of -2.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0169 was down 1.80% compared to the 2022 peak of 0.0172, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 84 ISK

2022 Average 77 ISK

Yearly Trough Low 76 ISK

Transaction Impact: A difference of 8.78 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0167

0.0152

JanuMarcMayJulySeptNove

GNF 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 0.0162, compared to 0.0158 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0162

H2 Avg (Jul–Dec) 0.0158

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0008 ISK (High: 0.0169 / Low: 0.0160). On the other end, August was the most stable month, with a tight range of 0.0002 ISK (High: 0.0154 / Low: 0.0152).

February Spread (Volatile) ±0.0008

August Spread (Stable) ±0.0002

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 June and July, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0166) against the same month in 2022 (average: 0.0139), the exchange rate shifted by +0.0027 (+19.30%).

2023 Avg (February) 0.0166

2022 Avg (February) 0.0139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0167	0.0162	0.0165
February	0.0169	0.0160	0.0166
March	0.0165	0.0158	0.0162
April	0.0160	0.0157	0.0159
May	0.0163	0.0157	0.0161
June	0.0163	0.0156	0.0160
July	0.0160	0.0151	0.0154
August	0.0154	0.0152	0.0153
September	0.0160	0.0154	0.0157
October	0.0162	0.0160	0.0161
November	0.0167	0.0159	0.0163
December	0.0163	0.0158	0.0160