2020 HNL to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 HNL to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the HNL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 23, valuing the pair at 5.9115. Conversely, the yearly low was recorded on January 14, dropping to 4.8520.
This high-to-low spread represents a total annual volatility of 1.0595 ISK. From a start-to-finish perspective, comparing the January average rate of 4.9819 to the December average rate of 5.2543, the exchange rate registered a net change of 5.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 5.9115 was down 27.80% compared to the 2019 peak of 8.1882, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
HNL to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.4135, compared to 5.5289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1154 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.6068 ISK (High: 5.6887 / Low: 5.0818). On the other end, October was the most stable month, with a tight range of 0.1432 ISK (High: 5.7411 / Low: 5.5980).
Growth Streaks & Declines
TrendsBetween January and April, 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 November and December, when the average rate fell by 0.3412 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2020: 5.7972) against the same month in 2019 (average: 4.9125), the exchange rate shifted by +0.8847 (+18.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.0378 | 4.8520 | 4.9819 |
| February | 5.1946 | 4.9559 | 5.0976 |
| March | 5.6887 | 5.0818 | 5.4180 |
| April | 5.9115 | 5.7008 | 5.7972 |
| May | 5.8966 | 5.4450 | 5.7419 |
| June | 5.5972 | 5.2615 | 5.4443 |
| July | 5.6942 | 5.3983 | 5.5605 |
| August | 5.6075 | 5.4283 | 5.5289 |
| September | 5.6708 | 5.4515 | 5.5769 |
| October | 5.7411 | 5.5980 | 5.6570 |
| November | 5.7511 | 5.4763 | 5.5956 |
| December | 5.3868 | 5.1577 | 5.2543 |