2023 ISK to AFN Historical Review

YEARLY HIGH

0.6717 AFN

YEARLY LOW

0.4882 AFN

YEARLY AVERAGE

0.6003 AFN

2023 ISK to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.6717. Conversely, the yearly low was recorded on November 22, dropping to 0.4882.

This high-to-low spread represents a total annual volatility of 0.1835 AFN. From a start-to-finish perspective, comparing the January average rate of 0.6218 to the December average rate of 0.5075, the exchange rate registered a net change of -18.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6717 was down 18.29% compared to the 2022 peak of 0.8220, 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 3,359 AFN

2022 Average 3,338 AFN

Yearly Trough Low 2,441 AFN

Transaction Impact: A difference of 917.56 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6675

0.4930

JanuMarcMayJulySeptNove

ISK to AFN 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 0.6284, compared to 0.5721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0563 points.

H1 Avg (Jan–Jun) 0.6284

H2 Avg (Jul–Dec) 0.5721

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0678 AFN (High: 0.6143 / Low: 0.5465). On the other end, March was the most stable month, with a tight range of 0.0151 AFN (High: 0.6350 / Low: 0.6199).

September Spread (Volatile) ±0.0678

March Spread (Stable) ±0.0151

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0643 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0643

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.6347) against the same month in 2022 (average: 0.6767), the exchange rate shifted by -0.0420 (-6.20%).

2023 Avg (April) 0.6347

2022 Avg (April) 0.6767

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6330	0.6106	0.6218
February	0.6451	0.6115	0.6267
March	0.6350	0.6199	0.6262
April	0.6717	0.6246	0.6347
May	0.6477	0.6155	0.6319
June	0.6421	0.6131	0.6291
July	0.6684	0.6273	0.6529
August	0.6609	0.6196	0.6404
September	0.6143	0.5465	0.5761
October	0.5641	0.5290	0.5450
November	0.5321	0.4882	0.5109
December	0.5205	0.4950	0.5075