2020 ISK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ISK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ISK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 79.2979. Conversely, the yearly low was recorded on May 6, dropping to 63.9071.
This high-to-low spread represents a total annual volatility of 15.3908 GNF. From a start-to-finish perspective, comparing the January average rate of 76.8169 to the December average rate of 78.0694, the exchange rate registered a net change of 1.63% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 79.2979 was up 0.43% compared to the 2019 peak of 78.9550, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
ISK to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 70.7319, compared to 71.7864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0545 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 7.9120 GNF (High: 74.8002 / Low: 66.8881). On the other end, August was the most stable month, with a tight range of 1.6105 GNF (High: 71.4607 / Low: 69.8502).
Growth Streaks & Declines
TrendsBetween April and June, 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 4.6998 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 76.8169) against the same month in 2019 (average: 76.5575), the exchange rate shifted by +0.2594 (+0.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 79.2979 | 75.5557 | 76.8169 |
| February | 77.4393 | 73.7804 | 74.8628 |
| March | 74.8002 | 66.8881 | 70.4468 |
| April | 66.8107 | 64.5084 | 65.7470 |
| May | 70.1498 | 63.9071 | 66.1176 |
| June | 72.3288 | 68.8408 | 70.4001 |
| July | 71.6605 | 68.2399 | 69.6029 |
| August | 71.4607 | 69.8502 | 70.5557 |
| September | 71.6764 | 68.8205 | 70.4102 |
| October | 71.0109 | 69.2231 | 70.3523 |
| November | 73.9327 | 69.3450 | 71.7275 |
| December | 78.9511 | 75.2005 | 78.0694 |