2023 ISK to BOB Historical Review

YEARLY HIGH

0.0530 BOB

YEARLY LOW

0.0476 BOB

YEARLY AVERAGE

0.0501 BOB

2023 ISK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0530. Conversely, the yearly low was recorded on February 19, dropping to 0.0476.

This high-to-low spread represents a total annual volatility of 0.0054 BOB. From a start-to-finish perspective, comparing the January average rate of 0.0484 to the December average rate of 0.0502, the exchange rate registered a net change of 3.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0530 was down 4.37% compared to the 2022 peak of 0.0555, 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 265 BOB

2022 Average 255 BOB

Yearly Trough Low 238 BOB

Transaction Impact: A difference of 26.92 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0528

0.0479

JanuMarcMayJulySeptNove

ISK to BOB 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 0.0494, compared to 0.0508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0494

H2 Avg (Jul–Dec) 0.0508

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0026 BOB (High: 0.0530 / Low: 0.0504). On the other end, October was the most stable month, with a tight range of 0.0009 BOB (High: 0.0502 / Low: 0.0494).

July Spread (Volatile) ±0.0026

October Spread (Stable) ±0.0009

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 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0524) against the same month in 2022 (average: 0.0498), the exchange rate shifted by +0.0026 (+5.25%).

2023 Avg (August) 0.0524

2022 Avg (August) 0.0498

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0490	0.0478	0.0484
February	0.0496	0.0476	0.0483
March	0.0509	0.0485	0.0493
April	0.0512	0.0500	0.0506
May	0.0509	0.0490	0.0499
June	0.0514	0.0490	0.0501
July	0.0530	0.0504	0.0520
August	0.0530	0.0520	0.0524
September	0.0524	0.0502	0.0511
October	0.0502	0.0494	0.0498
November	0.0504	0.0481	0.0493
December	0.0512	0.0494	0.0502