2023 GTQ to ISK Historical Review

YEARLY HIGH

18.5485 ISK

YEARLY LOW

16.5885 ISK

YEARLY AVERAGE

17.6142 ISK

2023 GTQ to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 18.5485. Conversely, the yearly low was recorded on August 30, dropping to 16.5885.

This high-to-low spread represents a total annual volatility of 1.9599 ISK. From a start-to-finish perspective, comparing the January average rate of 18.2078 to the December average rate of 17.6004, the exchange rate registered a net change of -3.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.5485 was down 2.58% compared to the 2022 peak of 19.0405, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 92,742 ISK

2022 Average 87,259 ISK

Yearly Trough Low 82,943 ISK

Transaction Impact: A difference of 9,799.70 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.4165

16.6310

JanuMarcMayJulySeptNove

GTQ 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 17.8829, compared to 17.3455 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5374 points.

H1 Avg (Jan–Jun) 17.8829

H2 Avg (Jul–Dec) 17.3455

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.8584 ISK (High: 18.0221 / Low: 17.1638). On the other end, August was the most stable month, with a tight range of 0.3035 ISK (High: 16.8920 / Low: 16.5885).

June Spread (Volatile) ±0.8584

August Spread (Stable) ±0.3035

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 0.6679 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6679

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 18.2677) against the same month in 2022 (average: 16.2488), the exchange rate shifted by +2.0190 (+12.43%).

2023 Avg (February) 18.2677

2022 Avg (February) 16.2488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.4372	17.9573	18.2078
February	18.5485	17.7582	18.2677
March	18.2503	17.4220	17.9582
April	17.7153	17.3059	17.5210
May	18.0546	17.3814	17.7450
June	18.0221	17.1638	17.5976
July	17.4879	16.6360	16.9298
August	16.8920	16.5885	16.7798
September	17.5284	16.7613	17.2015
October	17.8084	17.4965	17.6797
November	18.3518	17.4984	17.8818
December	17.8772	17.2534	17.6004