2021 ISK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 ISK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 31.7983. Conversely, the yearly low was recorded on February 16, dropping to 28.8831.
This high-to-low spread represents a total annual volatility of 2.9152 MGA. From a start-to-finish perspective, comparing the January average rate of 29.6248 to the December average rate of 30.4955, the exchange rate registered a net change of 2.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 31.7983 was up 3.11% compared to the 2020 peak of 30.8396, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
ISK to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 30.0272, compared to 30.6618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6345 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was January, with a trading range of 1.7730 MGA (High: 30.7597 / Low: 28.9867). On the other end, October was the most stable month, with a tight range of 0.6942 MGA (High: 31.0049 / Low: 30.3107).
Growth Streaks & Declines
TrendsBetween February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2946 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2021: 30.9650) against the same month in 2020 (average: 28.1938), the exchange rate shifted by +2.7712 (+9.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.7597 | 28.9867 | 29.6248 |
| February | 29.7806 | 28.8831 | 29.3302 |
| March | 30.2049 | 29.1672 | 29.6419 |
| April | 31.0227 | 29.7764 | 30.0945 |
| May | 31.1094 | 30.0052 | 30.5069 |
| June | 31.7983 | 30.3795 | 30.9650 |
| July | 31.6297 | 30.1680 | 30.8729 |
| August | 31.1843 | 30.1338 | 30.8404 |
| September | 31.0513 | 30.2215 | 30.6633 |
| October | 31.0049 | 30.3107 | 30.6467 |
| November | 30.7648 | 29.9923 | 30.4516 |
| December | 30.7732 | 30.0533 | 30.4955 |