2023 ISK to EGP Historical Review

YEARLY HIGH

0.2370 EGP

YEARLY LOW

0.1722 EGP

YEARLY AVERAGE

0.2225 EGP

2023 ISK to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.2370. Conversely, the yearly low was recorded on January 3, dropping to 0.1722.

This high-to-low spread represents a total annual volatility of 0.0648 EGP. From a start-to-finish perspective, comparing the January average rate of 0.2003 to the December average rate of 0.2242, the exchange rate registered a net change of 11.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2370 was up 35.58% compared to the 2022 peak of 0.1748, 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 1,185 EGP

2022 Average 708 EGP

Yearly Trough Low 861 EGP

Transaction Impact: A difference of 323.92 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2378

0.1969

JanuMarcMayJulySeptNove

ISK to EGP 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 0.2177, compared to 0.2272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 0.2177

H2 Avg (Jul–Dec) 0.2272

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0416 EGP (High: 0.2138 / Low: 0.1722). On the other end, August was the most stable month, with a tight range of 0.0038 EGP (High: 0.2370 / Low: 0.2332).

January Spread (Volatile) ±0.0416

August Spread (Stable) ±0.0038

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 0.0061 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.2344) against the same month in 2022 (average: 0.1382), the exchange rate shifted by +0.0963 (+69.68%).

2023 Avg (August) 0.2344

2022 Avg (August) 0.1382

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2138	0.1722	0.2003
February	0.2168	0.2109	0.2130
March	0.2275	0.2157	0.2202
April	0.2290	0.2237	0.2260
May	0.2282	0.2186	0.2228
June	0.2297	0.2187	0.2242
July	0.2368	0.2252	0.2328
August	0.2370	0.2332	0.2344
September	0.2340	0.2240	0.2284
October	0.2252	0.2210	0.2229
November	0.2257	0.2148	0.2208
December	0.2279	0.2208	0.2242