2023 IRR to ISK Historical Review

YEARLY HIGH

0.0035 ISK

YEARLY LOW

0.0031 ISK

YEARLY AVERAGE

0.0033 ISK

2023 IRR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.0035. Conversely, the yearly low was recorded on August 30, dropping to 0.0031.

This high-to-low spread represents a total annual volatility of 0.0004 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0034 to the December average rate of 0.0033, the exchange rate registered a net change of -4.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0035 was down 1.00% compared to the 2022 peak of 0.0035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17 ISK

2022 Average 16 ISK

Yearly Trough Low 15 ISK

Transaction Impact: A difference of 1.96 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0034

0.0031

JanuMarcMayJulySeptNove

IRR 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 0.0033, compared to 0.0032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0033

H2 Avg (Jul–Dec) 0.0032

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0002 ISK (High: 0.0035 / Low: 0.0033). On the other end, August was the most stable month, with a tight range of 0.0000 ISK (High: 0.0031 / Low: 0.0031).

February Spread (Volatile) ±0.0002

August Spread (Stable) ±0.0000

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 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0034) against the same month in 2022 (average: 0.0030), the exchange rate shifted by +0.0004 (+14.51%).

2023 Avg (February) 0.0034

2022 Avg (February) 0.0030

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0035	0.0033	0.0034
February	0.0035	0.0033	0.0034
March	0.0034	0.0032	0.0033
April	0.0033	0.0032	0.0032
May	0.0033	0.0032	0.0033
June	0.0033	0.0032	0.0033
July	0.0032	0.0031	0.0031
August	0.0031	0.0031	0.0031
September	0.0033	0.0031	0.0032
October	0.0033	0.0032	0.0033
November	0.0034	0.0032	0.0033
December	0.0033	0.0032	0.0033