2023 ISK to KGS Historical Review

YEARLY HIGH

0.6769 KGS

YEARLY LOW

0.5808 KGS

YEARLY AVERAGE

0.6375 KGS

2023 ISK to KGS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to KGS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.6769. Conversely, the yearly low was recorded on January 5, dropping to 0.5808.

This high-to-low spread represents a total annual volatility of 0.0961 KGS. From a start-to-finish perspective, comparing the January average rate of 0.5990 to the December average rate of 0.6467, the exchange rate registered a net change of 7.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6769 was down 15.12% compared to the 2022 peak of 0.7975, 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 3,384 KGS

2022 Average 3,124 KGS

Yearly Trough Low 2,904 KGS

Transaction Impact: A difference of 480.60 KGS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6750

0.5920

JanuMarcMayJulySeptNove

ISK to KGS 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 0.6232, compared to 0.6518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0286 points.

H1 Avg (Jan–Jun) 0.6232

H2 Avg (Jul–Dec) 0.6518

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0362 KGS (High: 0.6735 / Low: 0.6372). On the other end, August was the most stable month, with a tight range of 0.0132 KGS (High: 0.6769 / Low: 0.6637).

July Spread (Volatile) ±0.0362

August Spread (Stable) ±0.0132

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 0.0137 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.6681) against the same month in 2022 (average: 0.5907), the exchange rate shifted by +0.0774 (+13.11%).

2023 Avg (August) 0.6681

2022 Avg (August) 0.5907

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6113	0.5808	0.5990
February	0.6181	0.6034	0.6079
March	0.6436	0.6132	0.6249
April	0.6486	0.6342	0.6409
May	0.6453	0.6213	0.6318
June	0.6489	0.6209	0.6345
July	0.6735	0.6372	0.6612
August	0.6769	0.6637	0.6681
September	0.6690	0.6432	0.6544
October	0.6488	0.6337	0.6429
November	0.6493	0.6211	0.6375
December	0.6565	0.6381	0.6467