2023 ISK to CDF Historical Review

YEARLY HIGH

20.4503 CDF

YEARLY LOW

14.1095 CDF

YEARLY AVERAGE

16.9643 CDF

2023 ISK to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 20.4503. Conversely, the yearly low was recorded on January 5, dropping to 14.1095.

This high-to-low spread represents a total annual volatility of 6.3408 CDF. From a start-to-finish perspective, comparing the January average rate of 14.3377 to the December average rate of 19.7525, the exchange rate registered a net change of 37.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.4503 was up 26.36% compared to the 2022 peak of 16.1847, 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 102,252 CDF

2022 Average 74,787 CDF

Yearly Trough Low 70,548 CDF

Transaction Impact: A difference of 31,704.04 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.2940

13.7962

JanuMarcMayJulySeptNove

ISK to CDF 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 15.2852, compared to 18.6433 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.3581 points.

H1 Avg (Jan–Jun) 15.2852

H2 Avg (Jul–Dec) 18.6433

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.1988 CDF (High: 19.6723 / Low: 17.4735). On the other end, January was the most stable month, with a tight range of 0.4854 CDF (High: 14.5949 / Low: 14.1095).

November Spread (Volatile) ±2.1988

January Spread (Stable) ±0.4854

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4269 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.4269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 19.7525) against the same month in 2022 (average: 14.3749), the exchange rate shifted by +5.3776 (+37.41%).

2023 Avg (December) 19.7525

2022 Avg (December) 14.3749

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.5949	14.1095	14.3377
February	14.7333	14.1249	14.4169
March	15.2143	14.4764	14.7825
April	16.1494	14.8973	15.2491
May	16.7720	14.7356	15.7994
June	17.6855	16.5046	17.1257
July	19.3887	17.6790	18.6130
August	19.0428	18.4653	18.7834
September	18.8085	18.0515	18.3565
October	18.6575	17.6983	18.1695
November	19.6723	17.4735	18.1849
December	20.4503	19.1038	19.7525