2023 ISK to GHS Historical Review

YEARLY HIGH

0.0900 GHS

YEARLY LOW

0.0589 GHS

YEARLY AVERAGE

0.0848 GHS

2023 ISK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 0.0900. Conversely, the yearly low was recorded on January 1, dropping to 0.0589.

This high-to-low spread represents a total annual volatility of 0.0311 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0801 to the December average rate of 0.0872, the exchange rate registered a net change of 8.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0900 was down 12.61% compared to the 2022 peak of 0.1030, 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 450 GHS

2022 Average 330 GHS

Yearly Trough Low 295 GHS

Transaction Impact: A difference of 155.53 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0889

0.0793

JanuMarcMayJulySeptNove

ISK to GHS 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 0.0839, compared to 0.0857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0839

H2 Avg (Jul–Dec) 0.0857

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0287 GHS (High: 0.0876 / Low: 0.0589). On the other end, September was the most stable month, with a tight range of 0.0027 GHS (High: 0.0867 / Low: 0.0840).

January Spread (Volatile) ±0.0287

September Spread (Stable) ±0.0027

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 March and April, when the average rate fell by 0.0043 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0881) against the same month in 2022 (average: 0.0555), the exchange rate shifted by +0.0327 (+58.87%).

2023 Avg (March) 0.0881

2022 Avg (March) 0.0555

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0876	0.0589	0.0801
February	0.0897	0.0854	0.0873
March	0.0900	0.0848	0.0881
April	0.0884	0.0784	0.0838
May	0.0874	0.0757	0.0821
June	0.0848	0.0790	0.0822
July	0.0885	0.0829	0.0860
August	0.0877	0.0845	0.0855
September	0.0867	0.0840	0.0849
October	0.0858	0.0829	0.0849
November	0.0876	0.0831	0.0854
December	0.0887	0.0860	0.0872