2023 ISK to JPY Historical Review

YEARLY HIGH

1.1205 JPY

YEARLY LOW

0.8957 JPY

YEARLY AVERAGE

1.0199 JPY

2023 ISK to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 1.1205. Conversely, the yearly low was recorded on January 17, dropping to 0.8957.

This high-to-low spread represents a total annual volatility of 0.2248 JPY. From a start-to-finish perspective, comparing the January average rate of 0.9110 to the December average rate of 1.0422, the exchange rate registered a net change of 14.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1205 was up 7.65% compared to the 2022 peak of 1.0409, 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 5,602 JPY

2022 Average 4,853 JPY

Yearly Trough Low 4,479 JPY

Transaction Impact: A difference of 1,123.87 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1171

0.8922

JanuMarcMayJulySeptNove

ISK to JPY 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 0.9653, compared to 1.0745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1092 points.

H1 Avg (Jan–Jun) 0.9653

H2 Avg (Jul–Dec) 1.0745

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0716 JPY (High: 1.0613 / Low: 0.9897). On the other end, October was the most stable month, with a tight range of 0.0184 JPY (High: 1.0888 / Low: 1.0704).

June Spread (Volatile) ±0.0716

October Spread (Stable) ±0.0184

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0288 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 1.0984) against the same month in 2022 (average: 0.9770), the exchange rate shifted by +0.1214 (+12.42%).

2023 Avg (August) 1.0984

2022 Avg (August) 0.9770

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9259	0.8957	0.9110
February	0.9497	0.9150	0.9309
March	0.9807	0.9370	0.9548
April	1.0037	0.9548	0.9786
May	1.0117	0.9777	0.9912
June	1.0613	0.9897	1.0255
July	1.0847	1.0478	1.0639
August	1.1205	1.0757	1.0984
September	1.1084	1.0793	1.0923
October	1.0888	1.0704	1.0791
November	1.0874	1.0545	1.0710
December	1.0579	1.0236	1.0422