2023 ISK to GNF Historical Review

YEARLY HIGH

66.0790 GNF

YEARLY LOW

59.2074 GNF

YEARLY AVERAGE

62.5370 GNF

2023 ISK to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 66.0790. Conversely, the yearly low was recorded on February 18, dropping to 59.2074.

This high-to-low spread represents a total annual volatility of 6.8717 GNF. From a start-to-finish perspective, comparing the January average rate of 60.6498 to the December average rate of 62.4077, the exchange rate registered a net change of 2.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 66.0790 was down 9.59% compared to the 2022 peak of 73.0857, 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 330,395 GNF

2022 Average 326,452 GNF

Yearly Trough Low 296,037 GNF

Transaction Impact: A difference of 34,358.37 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

65.8071

59.9433

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 61.7839, compared to 63.2901 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5063 points.

H1 Avg (Jan–Jun) 61.7839

H2 Avg (Jul–Dec) 63.2901

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 3.4099 GNF (High: 66.0790 / Low: 62.6691). On the other end, October was the most stable month, with a tight range of 0.9801 GNF (High: 62.5352 / Low: 61.5551).

July Spread (Volatile) ±3.4099

October Spread (Stable) ±0.9801

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 August and September, when the average rate fell by 1.7253 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.7253

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 64.8776) against the same month in 2022 (average: 63.6648), the exchange rate shifted by +1.2129 (+1.91%).

2023 Avg (July) 64.8776

2022 Avg (July) 63.6648

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.6981	59.9368	60.6498
February	62.3274	59.2074	60.4320
March	63.4841	60.6244	61.7361
April	63.8633	62.3891	63.0091
May	63.5530	61.1630	62.2975
June	64.0688	61.2062	62.5787
July	66.0790	62.6691	64.8776
August	65.9108	64.8892	65.3185
September	65.0998	62.4384	63.5932
October	62.5352	61.5551	62.0556
November	62.7383	59.9447	61.4883
December	63.4613	61.4234	62.4077