2023 GYD to ISK Historical Review

YEARLY HIGH

0.6912 ISK

YEARLY LOW

0.6207 ISK

YEARLY AVERAGE

0.6562 ISK

2023 GYD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GYD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.6912. Conversely, the yearly low was recorded on July 18, dropping to 0.6207.

This high-to-low spread represents a total annual volatility of 0.0704 ISK. From a start-to-finish perspective, comparing the January average rate of 0.6815 to the December average rate of 0.6580, the exchange rate registered a net change of -3.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6912 was down 2.90% compared to the 2022 peak of 0.7118, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,456 ISK

2022 Average 3,233 ISK

Yearly Trough Low 3,104 ISK

Transaction Impact: A difference of 352.06 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6866

0.6247

JanuMarcMayJulySeptNove

GYD 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 0.6627, compared to 0.6498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0129 points.

H1 Avg (Jan–Jun) 0.6627

H2 Avg (Jul–Dec) 0.6498

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0317 ISK (High: 0.6755 / Low: 0.6439). On the other end, October was the most stable month, with a tight range of 0.0114 ISK (High: 0.6687 / Low: 0.6573).

March Spread (Volatile) ±0.0317

October Spread (Stable) ±0.0114

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 0.0195 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6815) against the same month in 2022 (average: 0.6167), the exchange rate shifted by +0.0648 (+10.50%).

2023 Avg (January) 0.6815

2022 Avg (January) 0.6167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6912	0.6681	0.6815
February	0.6873	0.6607	0.6780
March	0.6755	0.6439	0.6641
April	0.6533	0.6380	0.6458
May	0.6663	0.6414	0.6550
June	0.6672	0.6362	0.6519
July	0.6487	0.6207	0.6324
August	0.6344	0.6223	0.6298
September	0.6586	0.6305	0.6469
October	0.6687	0.6573	0.6626
November	0.6810	0.6550	0.6689
December	0.6683	0.6451	0.6580