2023 ISK to BGN Historical Review

YEARLY HIGH

0.0138 BGN

YEARLY LOW

0.0125 BGN

YEARLY AVERAGE

0.0131 BGN

2023 ISK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 0.0138. Conversely, the yearly low was recorded on January 25, dropping to 0.0125.

This high-to-low spread represents a total annual volatility of 0.0013 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0127 to the December average rate of 0.0130, the exchange rate registered a net change of 2.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0138 was down 4.21% compared to the 2022 peak of 0.0144, 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 69 BGN

2022 Average 69 BGN

Yearly Trough Low 62 BGN

Transaction Impact: A difference of 6.49 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0137

0.0126

JanuMarcMayJulySeptNove

ISK to BGN 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 0.0129, compared to 0.0133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0129

H2 Avg (Jul–Dec) 0.0133

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0005 BGN (High: 0.0133 / Low: 0.0127). On the other end, December was the most stable month, with a tight range of 0.0001 BGN (High: 0.0130 / Low: 0.0129).

November Spread (Volatile) ±0.0005

December Spread (Stable) ±0.0001

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 October and November, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0136) against the same month in 2022 (average: 0.0139), the exchange rate shifted by -0.0003 (-2.47%).

2023 Avg (August) 0.0136

2022 Avg (August) 0.0139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0129	0.0125	0.0127
February	0.0129	0.0126	0.0128
March	0.0132	0.0129	0.0131
April	0.0131	0.0130	0.0131
May	0.0131	0.0129	0.0130
June	0.0132	0.0129	0.0131
July	0.0135	0.0131	0.0133
August	0.0138	0.0135	0.0136
September	0.0138	0.0134	0.0135
October	0.0135	0.0133	0.0134
November	0.0133	0.0127	0.0129
December	0.0130	0.0129	0.0130