2023 ISK to MDL Historical Review

YEARLY HIGH

0.1384 MDL

YEARLY LOW

0.1245 MDL

YEARLY AVERAGE

0.1313 MDL

2023 ISK to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.1384. Conversely, the yearly low was recorded on November 13, dropping to 0.1245.

This high-to-low spread represents a total annual volatility of 0.0139 MDL. From a start-to-finish perspective, comparing the January average rate of 0.1329 to the December average rate of 0.1277, the exchange rate registered a net change of -3.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1384 was down 7.77% compared to the 2022 peak of 0.1500, 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 692 MDL

2022 Average 698 MDL

Yearly Trough Low 622 MDL

Transaction Impact: A difference of 69.60 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1356

0.1269

JanuMarcMayJulySeptNove

ISK to MDL 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 0.1312, compared to 0.1313 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1312

H2 Avg (Jul–Dec) 0.1313

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0083 MDL (High: 0.1343 / Low: 0.1260). On the other end, October was the most stable month, with a tight range of 0.0033 MDL (High: 0.1326 / Low: 0.1293).

June Spread (Volatile) ±0.0083

October Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0038 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1349) against the same month in 2022 (average: 0.1411), the exchange rate shifted by -0.0062 (-4.39%).

2023 Avg (July) 0.1349

2022 Avg (July) 0.1411

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1352	0.1306	0.1329
February	0.1347	0.1291	0.1312
March	0.1352	0.1309	0.1330
April	0.1341	0.1305	0.1322
May	0.1320	0.1255	0.1283
June	0.1343	0.1260	0.1299
July	0.1384	0.1316	0.1349
August	0.1364	0.1324	0.1341
September	0.1350	0.1310	0.1328
October	0.1326	0.1293	0.1308
November	0.1299	0.1245	0.1276
December	0.1296	0.1261	0.1277