2023 ISK to AED Historical Review

YEARLY HIGH

0.0282 AED

YEARLY LOW

0.0254 AED

YEARLY AVERAGE

0.0267 AED

2023 ISK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0282. Conversely, the yearly low was recorded on February 21, dropping to 0.0254.

This high-to-low spread represents a total annual volatility of 0.0028 AED. From a start-to-finish perspective, comparing the January average rate of 0.0257 to the December average rate of 0.0266, the exchange rate registered a net change of 3.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0282 was down 4.78% compared to the 2022 peak of 0.0296, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 141 AED

2022 Average 136 AED

Yearly Trough Low 127 AED

Transaction Impact: A difference of 14.09 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0281

0.0255

JanuMarcMayJulySeptNove

ISK to AED 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 0.0263, compared to 0.0270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0263

H2 Avg (Jul–Dec) 0.0270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0014 AED (High: 0.0282 / Low: 0.0268). On the other end, August was the most stable month, with a tight range of 0.0005 AED (High: 0.0282 / Low: 0.0277).

July Spread (Volatile) ±0.0014

August Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0279) against the same month in 2022 (average: 0.0265), the exchange rate shifted by +0.0014 (+5.15%).

2023 Avg (August) 0.0279

2022 Avg (August) 0.0265

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0261	0.0254	0.0257
February	0.0264	0.0254	0.0257
March	0.0270	0.0258	0.0263
April	0.0272	0.0266	0.0269
May	0.0271	0.0261	0.0265
June	0.0273	0.0260	0.0266
July	0.0282	0.0268	0.0277
August	0.0282	0.0277	0.0279
September	0.0278	0.0266	0.0271
October	0.0268	0.0262	0.0265
November	0.0268	0.0255	0.0263
December	0.0271	0.0262	0.0266