2023 ISK to GMD Historical Review

YEARLY HIGH

0.4966 GMD

YEARLY LOW

0.4218 GMD

YEARLY AVERAGE

0.4519 GMD

2023 ISK to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.4966. Conversely, the yearly low was recorded on February 21, dropping to 0.4218.

This high-to-low spread represents a total annual volatility of 0.0749 GMD. From a start-to-finish perspective, comparing the January average rate of 0.4341 to the December average rate of 0.4886, the exchange rate registered a net change of 12.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4966 was up 12.67% compared to the 2022 peak of 0.4408, 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 2,483 GMD

2022 Average 2,048 GMD

Yearly Trough Low 2,109 GMD

Transaction Impact: A difference of 374.44 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4948

0.4209

JanuMarcMayJulySeptNove

ISK to GMD 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 0.4361, compared to 0.4677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0316 points.

H1 Avg (Jan–Jun) 0.4361

H2 Avg (Jul–Dec) 0.4677

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0318 GMD (High: 0.4746 / Low: 0.4428). On the other end, January was the most stable month, with a tight range of 0.0095 GMD (High: 0.4385 / Low: 0.4290).

September Spread (Volatile) ±0.0318

January Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0213 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4886) against the same month in 2022 (average: 0.4362), the exchange rate shifted by +0.0525 (+12.03%).

2023 Avg (December) 0.4886

2022 Avg (December) 0.4362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4385	0.4290	0.4341
February	0.4419	0.4218	0.4271
March	0.4577	0.4282	0.4388
April	0.4617	0.4409	0.4531
May	0.4428	0.4231	0.4318
June	0.4415	0.4223	0.4315
July	0.4572	0.4344	0.4496
August	0.4665	0.4566	0.4596
September	0.4746	0.4428	0.4567
October	0.4779	0.4671	0.4734
November	0.4914	0.4663	0.4783
December	0.4966	0.4815	0.4886