2023 ISK to GBP Historical Review

YEARLY HIGH

0.0061 GBP

YEARLY LOW

0.0056 GBP

YEARLY AVERAGE

0.0058 GBP

2023 ISK to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0061. Conversely, the yearly low was recorded on January 25, dropping to 0.0056.

This high-to-low spread represents a total annual volatility of 0.0005 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0057 to the December average rate of 0.0057, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0061 was down 6.05% compared to the 2022 peak of 0.0064, 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 30 GBP

2022 Average 30 GBP

Yearly Trough Low 28 GBP

Transaction Impact: A difference of 2.26 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0060

0.0057

JanuMarcMayJulySeptNove

ISK to GBP 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 0.0058, compared to 0.0059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0058

H2 Avg (Jul–Dec) 0.0059

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0002 GBP (High: 0.0058 / Low: 0.0056). On the other end, April was the most stable month, with a tight range of 0.0001 GBP (High: 0.0059 / Low: 0.0059).

January Spread (Volatile) ±0.0002

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 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 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0060) against the same month in 2022 (average: 0.0060), the exchange rate shifted by -0.0001 (-0.96%).

2023 Avg (August) 0.0060

2022 Avg (August) 0.0060

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0058	0.0056	0.0057
February	0.0059	0.0057	0.0058
March	0.0060	0.0058	0.0059
April	0.0059	0.0059	0.0059
May	0.0059	0.0057	0.0058
June	0.0058	0.0057	0.0057
July	0.0059	0.0057	0.0059
August	0.0061	0.0059	0.0060
September	0.0060	0.0059	0.0060
October	0.0060	0.0059	0.0059
November	0.0059	0.0057	0.0058
December	0.0058	0.0057	0.0057