2023 ISK to INR Historical Review

YEARLY HIGH

0.6343 INR

YEARLY LOW

0.5665 INR

YEARLY AVERAGE

0.5992 INR

2023 ISK to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.6343. Conversely, the yearly low was recorded on January 25, dropping to 0.5665.

This high-to-low spread represents a total annual volatility of 0.0678 INR. From a start-to-finish perspective, comparing the January average rate of 0.5719 to the December average rate of 0.6039, the exchange rate registered a net change of 5.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6343 was up 3.77% compared to the 2022 peak of 0.6112, 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 3,172 INR

2022 Average 2,907 INR

Yearly Trough Low 2,833 INR

Transaction Impact: A difference of 338.81 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6340

0.5663

JanuMarcMayJulySeptNove

ISK to INR 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 0.5881, compared to 0.6102 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0222 points.

H1 Avg (Jan–Jun) 0.5881

H2 Avg (Jul–Dec) 0.6102

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0314 INR (High: 0.6291 / Low: 0.5977). On the other end, April was the most stable month, with a tight range of 0.0102 INR (High: 0.6054 / Low: 0.5953).

July Spread (Volatile) ±0.0314

April Spread (Stable) ±0.0102

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 0.0146 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.6284) against the same month in 2022 (average: 0.5741), the exchange rate shifted by +0.0543 (+9.46%).

2023 Avg (August) 0.6284

2022 Avg (August) 0.5741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5843	0.5665	0.5719
February	0.5866	0.5708	0.5776
March	0.6045	0.5768	0.5879
April	0.6054	0.5953	0.6004
May	0.6030	0.5883	0.5946
June	0.6090	0.5842	0.5962
July	0.6291	0.5977	0.6195
August	0.6343	0.6236	0.6284
September	0.6271	0.6035	0.6138
October	0.6065	0.5955	0.6005
November	0.6089	0.5784	0.5954
December	0.6138	0.5954	0.6039