2023 ISK to DKK Historical Review

YEARLY HIGH

0.0525 DKK

YEARLY LOW

0.0474 DKK

YEARLY AVERAGE

0.0500 DKK

2023 ISK to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 0.0525. Conversely, the yearly low was recorded on January 25, dropping to 0.0474.

This high-to-low spread represents a total annual volatility of 0.0051 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0483 to the December average rate of 0.0495, the exchange rate registered a net change of 2.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0525 was down 3.92% compared to the 2022 peak of 0.0546, 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 262 DKK

2022 Average 262 DKK

Yearly Trough Low 237 DKK

Transaction Impact: A difference of 25.49 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0522

0.0479

JanuMarcMayJulySeptNove

ISK to DKK 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 0.0493, compared to 0.0507 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) 0.0493

H2 Avg (Jul–Dec) 0.0507

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0021 DKK (High: 0.0505 / Low: 0.0484). On the other end, April was the most stable month, with a tight range of 0.0004 DKK (High: 0.0500 / Low: 0.0496).

November Spread (Volatile) ±0.0021

April Spread (Stable) ±0.0004

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 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0518) against the same month in 2022 (average: 0.0530), the exchange rate shifted by -0.0012 (-2.28%).

2023 Avg (August) 0.0518

2022 Avg (August) 0.0530

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0491	0.0474	0.0483
February	0.0493	0.0481	0.0487
March	0.0503	0.0491	0.0497
April	0.0500	0.0496	0.0498
May	0.0500	0.0491	0.0495
June	0.0504	0.0494	0.0498
July	0.0516	0.0499	0.0508
August	0.0525	0.0514	0.0518
September	0.0524	0.0512	0.0516
October	0.0515	0.0506	0.0510
November	0.0505	0.0484	0.0493
December	0.0497	0.0491	0.0495