2023 ISK to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ISK to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ISK to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 116.7578. Conversely, the yearly low was recorded on January 25, dropping to 103.8496.
This high-to-low spread represents a total annual volatility of 12.9082 IDR. From a start-to-finish perspective, comparing the January average rate of 106.6684 to the December average rate of 112.3256, the exchange rate registered a net change of 5.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 116.7578 was up 1.05% compared to the 2022 peak of 115.5469, 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 2023.
ISK to IDR 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 107.7734, compared to 113.3926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6192 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 5.9838 IDR (High: 109.8334 / Low: 103.8496). On the other end, August was the most stable month, with a tight range of 1.9719 IDR (High: 116.7578 / Low: 114.7859).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 2.3346 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 115.8013) against the same month in 2022 (average: 106.9999), the exchange rate shifted by +8.8015 (+8.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109.8334 | 103.8496 | 106.6684 |
| February | 107.6386 | 104.5628 | 106.0042 |
| March | 110.8625 | 107.3692 | 109.3384 |
| April | 109.9750 | 107.8679 | 108.9546 |
| May | 108.2989 | 105.8005 | 107.2292 |
| June | 111.1108 | 105.4518 | 108.4455 |
| July | 115.1532 | 109.4752 | 113.5103 |
| August | 116.7578 | 114.7859 | 115.8013 |
| September | 115.4831 | 112.4418 | 113.6277 |
| October | 115.3571 | 111.0301 | 113.7125 |
| November | 114.0290 | 109.0515 | 111.3779 |
| December | 113.9674 | 110.1102 | 112.3256 |