YEARLY HIGH
97.9679 ISK
YEARLY LOW
90.5950 ISK
YEARLY AVERAGE
94.5109 ISK

2021 SGD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SGD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 97.9679. Conversely, the yearly low was recorded on June 2, dropping to 90.5950.

This high-to-low spread represents a total annual volatility of 7.3729 ISK. From a start-to-finish perspective, comparing the January average rate of 96.9338 to the December average rate of 95.4202, the exchange rate registered a net change of -1.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 97.9679 was down 5.74% compared to the 2020 peak of 103.9293, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 489,839 ISK
2020 Average 490,533 ISK
Yearly Trough Low 452,975 ISK
Transaction Impact: A difference of 36,864.42 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

97.4759
90.9701
JanuMarcMayJulySeptNove

SGD 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 94.4896, compared to 94.5321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0425 points.

H1 Avg (Jan–Jun) 94.4896
H2 Avg (Jul–Dec) 94.5321

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 3.3765 ISK (High: 94.3392 / Low: 90.9627). On the other end, June was the most stable month, with a tight range of 1.3913 ISK (High: 91.9863 / Low: 90.5950).

May Spread (Volatile) ±3.3765
June Spread (Stable) ±1.3913

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 February and March, when the average rate fell by 1.7973 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -1.7973

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 96.2531) against the same month in 2020 (average: 101.3882), the exchange rate shifted by -5.1352 (-5.06%).

2021 Avg (November) 96.2531
2020 Avg (November) 101.3882

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 97.7168 95.5811 96.9338
February 97.4525 94.9553 96.6121
March 95.7133 93.0730 94.8148
April 95.1335 92.4496 94.3164
May 94.3392 90.9627 92.7482
June 91.9863 90.5950 91.5123
July 92.7957 90.9397 91.7853
August 94.3823 91.3211 93.1138
September 96.1210 94.2075 95.0810
October 96.1938 94.3890 95.5394
November 97.9679 94.7106 96.2531
December 96.4207 94.4093 95.4202