YEARLY HIGH
8.6013 ISK
YEARLY LOW
7.7560 ISK
YEARLY AVERAGE
8.2293 ISK

2021 MVR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MVR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 8.6013. Conversely, the yearly low was recorded on June 2, dropping to 7.7560.

This high-to-low spread represents a total annual volatility of 0.8453 ISK. From a start-to-finish perspective, comparing the January average rate of 8.3448 to the December average rate of 8.4262, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.6013 was down 9.74% compared to the 2020 peak of 9.5295, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 43,006 ISK
2020 Average 43,870 ISK
Yearly Trough Low 38,780 ISK
Transaction Impact: A difference of 4,226.54 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.5170
7.8490
JanuMarcMayJulySeptNove

MVR 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 8.1616, compared to 8.2969 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1353 points.

H1 Avg (Jan–Jun) 8.1616
H2 Avg (Jul–Dec) 8.2969

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.3966 ISK (High: 8.2063 / Low: 7.8097). On the other end, December was the most stable month, with a tight range of 0.1193 ISK (High: 8.4929 / Low: 8.3736).

May Spread (Volatile) ±0.3966
December Spread (Stable) ±0.1193

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1525 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 8.4613) against the same month in 2020 (average: 8.8649), the exchange rate shifted by -0.4035 (-4.55%).

2021 Avg (November) 8.4613
2020 Avg (November) 8.8649

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.4247 8.2103 8.3448
February 8.4597 8.1870 8.3267
March 8.3331 8.0983 8.2469
April 8.2660 7.9230 8.1495
May 8.2063 7.8097 7.9971
June 8.0656 7.7560 7.9046
July 8.1968 7.9929 8.0693
August 8.3032 8.0155 8.1640
September 8.4505 8.1792 8.3017
October 8.4474 8.2913 8.3589
November 8.6013 8.3696 8.4613
December 8.4929 8.3736 8.4262