2023 ISK to BDT Historical Review

YEARLY HIGH

0.8386 BDT

YEARLY LOW

0.7164 BDT

YEARLY AVERAGE

0.7840 BDT

2023 ISK to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.8386. Conversely, the yearly low was recorded on January 5, dropping to 0.7164.

This high-to-low spread represents a total annual volatility of 0.1221 BDT. From a start-to-finish perspective, comparing the January average rate of 0.7334 to the December average rate of 0.7982, the exchange rate registered a net change of 8.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8386 was up 11.12% compared to the 2022 peak of 0.7547, 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 4,193 BDT

2022 Average 3,446 BDT

Yearly Trough Low 3,582 BDT

Transaction Impact: A difference of 610.59 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8384

0.7239

JanuMarcMayJulySeptNove

ISK to BDT 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 0.7615, compared to 0.8065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0451 points.

H1 Avg (Jan–Jun) 0.7615

H2 Avg (Jul–Dec) 0.8065

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0543 BDT (High: 0.7898 / Low: 0.7355). On the other end, October was the most stable month, with a tight range of 0.0136 BDT (High: 0.8017 / Low: 0.7881).

March Spread (Volatile) ±0.0543

October Spread (Stable) ±0.0136

Growth Streaks & Declines

Trends

Between 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 August and September, when the average rate fell by 0.0175 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.8289) against the same month in 2022 (average: 0.6853), the exchange rate shifted by +0.1436 (+20.96%).

2023 Avg (August) 0.8289

2022 Avg (August) 0.6853

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7563	0.7164	0.7334
February	0.7640	0.7256	0.7432
March	0.7898	0.7355	0.7569
April	0.7898	0.7658	0.7776
May	0.7890	0.7623	0.7737
June	0.8040	0.7615	0.7840
July	0.8332	0.7885	0.8171
August	0.8386	0.8210	0.8289
September	0.8282	0.8004	0.8114
October	0.8017	0.7881	0.7949
November	0.8045	0.7707	0.7888
December	0.8131	0.7861	0.7982