2023 ISK to EUR Historical Review

YEARLY HIGH

0.0070 EUR

YEARLY LOW

0.0064 EUR

YEARLY AVERAGE

0.0067 EUR

2023 ISK to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 0.0070. Conversely, the yearly low was recorded on January 25, dropping to 0.0064.

This high-to-low spread represents a total annual volatility of 0.0007 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0065 to the December average rate of 0.0066, the exchange rate registered a net change of 2.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0070 was down 4.11% compared to the 2022 peak of 0.0073, 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 35 EUR

2022 Average 35 EUR

Yearly Trough Low 32 EUR

Transaction Impact: A difference of 3.36 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0070

0.0064

JanuMarcMayJulySeptNove

ISK to EUR 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 0.0066, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0066

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0003 EUR (High: 0.0068 / Low: 0.0065). On the other end, December was the most stable month, with a tight range of 0.0001 EUR (High: 0.0067 / Low: 0.0066).

November Spread (Volatile) ±0.0003

December Spread (Stable) ±0.0001

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 October and November, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0070) against the same month in 2022 (average: 0.0071), the exchange rate shifted by -0.0002 (-2.48%).

2023 Avg (August) 0.0070

2022 Avg (August) 0.0071

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0066	0.0064	0.0065
February	0.0066	0.0065	0.0065
March	0.0068	0.0066	0.0067
April	0.0067	0.0066	0.0067
May	0.0067	0.0065	0.0066
June	0.0068	0.0066	0.0067
July	0.0069	0.0067	0.0068
August	0.0070	0.0069	0.0070
September	0.0070	0.0069	0.0069
October	0.0069	0.0068	0.0068
November	0.0068	0.0065	0.0066
December	0.0067	0.0066	0.0066