2023 ISK to ETB Historical Review

YEARLY HIGH

0.4240 ETB

YEARLY LOW

0.3706 ETB

YEARLY AVERAGE

0.3973 ETB

2023 ISK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.4240. Conversely, the yearly low was recorded on January 5, dropping to 0.3706.

This high-to-low spread represents a total annual volatility of 0.0533 ETB. From a start-to-finish perspective, comparing the January average rate of 0.3754 to the December average rate of 0.4074, the exchange rate registered a net change of 8.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4240 was up 3.63% compared to the 2022 peak of 0.4091, 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 2,120 ETB

2022 Average 1,922 ETB

Yearly Trough Low 1,853 ETB

Transaction Impact: A difference of 266.61 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4221

0.3711

JanuMarcMayJulySeptNove

ISK to ETB 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 0.3868, compared to 0.4077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0210 points.

H1 Avg (Jan–Jun) 0.3868

H2 Avg (Jul–Dec) 0.4077

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0214 ETB (High: 0.4216 / Low: 0.4001). On the other end, October was the most stable month, with a tight range of 0.0080 ETB (High: 0.4049 / Low: 0.3969).

July Spread (Volatile) ±0.0214

October Spread (Stable) ±0.0080

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 0.0097 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4178) against the same month in 2022 (average: 0.3789), the exchange rate shifted by +0.0389 (+10.26%).

2023 Avg (August) 0.4178

2022 Avg (August) 0.3789

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3806	0.3706	0.3754
February	0.3850	0.3706	0.3754
March	0.3969	0.3773	0.3842
April	0.4023	0.3905	0.3969
May	0.4011	0.3864	0.3927
June	0.4071	0.3858	0.3960
July	0.4216	0.4001	0.4133
August	0.4240	0.4146	0.4178
September	0.4189	0.4009	0.4081
October	0.4049	0.3969	0.4012
November	0.4070	0.3881	0.3986
December	0.4149	0.3994	0.4074