2023 ISK to HKD Historical Review

YEARLY HIGH

0.0602 HKD

YEARLY LOW

0.0540 HKD

YEARLY AVERAGE

0.0568 HKD

2023 ISK to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0602. Conversely, the yearly low was recorded on January 5, dropping to 0.0540.

This high-to-low spread represents a total annual volatility of 0.0062 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0547 to the December average rate of 0.0567, the exchange rate registered a net change of 3.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0602 was down 4.22% compared to the 2022 peak of 0.0628, 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 301 HKD

2022 Average 290 HKD

Yearly Trough Low 270 HKD

Transaction Impact: A difference of 31.01 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0598

0.0543

JanuMarcMayJulySeptNove

ISK to HKD 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 0.0561, compared to 0.0575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0561

H2 Avg (Jul–Dec) 0.0575

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0028 HKD (High: 0.0599 / Low: 0.0571). On the other end, August was the most stable month, with a tight range of 0.0012 HKD (High: 0.0602 / Low: 0.0590).

July Spread (Volatile) ±0.0028

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and April, 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 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0594) against the same month in 2022 (average: 0.0566), the exchange rate shifted by +0.0028 (+4.89%).

2023 Avg (August) 0.0594

2022 Avg (August) 0.0566

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0556	0.0540	0.0547
February	0.0562	0.0541	0.0549
March	0.0578	0.0551	0.0561
April	0.0582	0.0569	0.0575
May	0.0579	0.0556	0.0566
June	0.0582	0.0556	0.0568
July	0.0599	0.0571	0.0589
August	0.0602	0.0590	0.0594
September	0.0595	0.0567	0.0579
October	0.0571	0.0560	0.0565
November	0.0569	0.0543	0.0558
December	0.0576	0.0558	0.0567