2023 ISK to KPW Historical Review

YEARLY HIGH

6.9029 KPW

YEARLY LOW

6.2125 KPW

YEARLY AVERAGE

6.5307 KPW

2023 ISK to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 6.9029. Conversely, the yearly low was recorded on February 21, dropping to 6.2125.

This high-to-low spread represents a total annual volatility of 0.6904 KPW. From a start-to-finish perspective, comparing the January average rate of 6.2984 to the December average rate of 6.5295, the exchange rate registered a net change of 3.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.9029 was down 4.78% compared to the 2022 peak of 7.2493, 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 34,514 KPW

2022 Average 33,338 KPW

Yearly Trough Low 31,062 KPW

Transaction Impact: A difference of 3,452.16 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.8805

6.2375

JanuMarcMayJulySeptNove

ISK to KPW 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 6.4412, compared to 6.6202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1789 points.

H1 Avg (Jan–Jun) 6.4412

H2 Avg (Jul–Dec) 6.6202

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.3384 KPW (High: 6.8981 / Low: 6.5598). On the other end, August was the most stable month, with a tight range of 0.1115 KPW (High: 6.9029 / Low: 6.7914).

July Spread (Volatile) ±0.3384

August Spread (Stable) ±0.1115

Growth Streaks & Declines

Trends

Between 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 August and September, when the average rate fell by 0.1753 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1753

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 6.8269) against the same month in 2022 (average: 6.4926), the exchange rate shifted by +0.3343 (+5.15%).

2023 Avg (August) 6.8269

2022 Avg (August) 6.4926

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.3861	6.2172	6.2984
February	6.4567	6.2125	6.2911
March	6.6264	6.3131	6.4334
April	6.6706	6.5288	6.5938
May	6.6362	6.3889	6.5009
June	6.6890	6.3798	6.5297
July	6.8981	6.5598	6.7839
August	6.9029	6.7914	6.8269
September	6.8225	6.5255	6.6516
October	6.5665	6.4295	6.4938
November	6.5717	6.2583	6.4351
December	6.6342	6.4295	6.5295