2023 ISK to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ISK to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ISK to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 16.1171. Conversely, the yearly low was recorded on February 19, dropping to 14.4801.
This high-to-low spread represents a total annual volatility of 1.6370 MMK. From a start-to-finish perspective, comparing the January average rate of 14.6965 to the December average rate of 15.2514, the exchange rate registered a net change of 3.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.1171 was up 4.92% compared to the 2022 peak of 15.3607, 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 2023.
ISK to MMK 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 15.0219, compared to 15.4411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4192 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 0.7948 MMK (High: 16.1007 / Low: 15.3060). On the other end, October was the most stable month, with a tight range of 0.2592 MMK (High: 15.2697 / Low: 15.0105).
Growth Streaks & Declines
TrendsBetween 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 0.4120 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 15.9291) against the same month in 2022 (average: 14.5265), the exchange rate shifted by +1.4026 (+9.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.8974 | 14.5149 | 14.6965 |
| February | 15.0645 | 14.4801 | 14.6811 |
| March | 15.4639 | 14.7328 | 14.9893 |
| April | 15.5629 | 15.2010 | 15.3699 |
| May | 15.4808 | 14.9022 | 15.1617 |
| June | 15.6062 | 14.8806 | 15.2332 |
| July | 16.1007 | 15.3060 | 15.8104 |
| August | 16.1171 | 15.8226 | 15.9291 |
| September | 15.9204 | 15.2424 | 15.5171 |
| October | 15.2697 | 15.0105 | 15.1414 |
| November | 15.3233 | 14.6144 | 14.9974 |
| December | 15.5591 | 15.0071 | 15.2514 |