2023 ISK to MGA Historical Review

YEARLY HIGH

34.6798 MGA

YEARLY LOW

29.6069 MGA

YEARLY AVERAGE

32.2974 MGA

2023 ISK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 34.6798. Conversely, the yearly low was recorded on February 21, dropping to 29.6069.

This high-to-low spread represents a total annual volatility of 5.0729 MGA. From a start-to-finish perspective, comparing the January average rate of 30.7813 to the December average rate of 33.2463, the exchange rate registered a net change of 8.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.6798 was up 7.84% compared to the 2022 peak of 32.1598, 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 173,399 MGA

2022 Average 152,758 MGA

Yearly Trough Low 148,034 MGA

Transaction Impact: A difference of 25,364.75 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.5574

29.6341

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 31.3296, compared to 33.2653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9357 points.

H1 Avg (Jan–Jun) 31.3296

H2 Avg (Jul–Dec) 33.2653

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.3416 MGA (High: 33.6132 / Low: 31.2716). On the other end, October was the most stable month, with a tight range of 0.6285 MGA (High: 33.0331 / Low: 32.4045).

June Spread (Volatile) ±2.3416

October Spread (Stable) ±0.6285

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 0.8185 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8185

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 34.1471) against the same month in 2022 (average: 30.1231), the exchange rate shifted by +4.0239 (+13.36%).

2023 Avg (August) 34.1471

2022 Avg (August) 30.1231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.8313	29.6077	30.7813
February	30.7594	29.6069	30.0444
March	31.8058	30.1215	30.8099
April	32.6783	31.4241	32.0736
May	32.4814	31.2400	31.7926
June	33.6132	31.2716	32.4758
July	34.5939	33.1488	33.9209
August	34.6798	33.7356	34.1471
September	34.2198	32.8181	33.3286
October	33.0331	32.4045	32.6707
November	33.0905	31.4693	32.2780
December	33.9464	32.4137	33.2463