2023 ISK to MNT Historical Review

YEARLY HIGH

26.9717 MNT

YEARLY LOW

23.5174 MNT

YEARLY AVERAGE

25.1238 MNT

2023 ISK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 26.9717. Conversely, the yearly low was recorded on February 21, dropping to 23.5174.

This high-to-low spread represents a total annual volatility of 3.4543 MNT. From a start-to-finish perspective, comparing the January average rate of 23.8428 to the December average rate of 25.0298, the exchange rate registered a net change of 4.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 26.9717 was up 10.22% compared to the 2022 peak of 24.4709, 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 134,859 MNT

2022 Average 115,421 MNT

Yearly Trough Low 117,587 MNT

Transaction Impact: A difference of 17,271.60 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

26.7217

23.5508

JanuMarcMayJulySeptNove

ISK to MNT 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 24.7949, compared to 25.4526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6578 points.

H1 Avg (Jan–Jun) 24.7949

H2 Avg (Jul–Dec) 25.4526

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.7241 MNT (High: 25.6225 / Low: 23.8985). On the other end, August was the most stable month, with a tight range of 0.4273 MNT (High: 26.4611 / Low: 26.0338).

March Spread (Volatile) ±1.7241

August Spread (Stable) ±0.4273

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.6721 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6721

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 26.4575) against the same month in 2022 (average: 23.0354), the exchange rate shifted by +3.4221 (+14.86%).

2023 Avg (July) 26.4575

2022 Avg (July) 23.0354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.1749	23.5353	23.8428
February	24.4420	23.5174	23.8150
March	25.6225	23.8985	24.3802
April	26.0821	25.5277	25.7819
May	25.9475	24.9805	25.4184
June	26.1538	24.9451	25.5309
July	26.9717	25.6487	26.4575
August	26.4611	26.0338	26.1698
September	26.1530	25.0145	25.4978
October	25.1715	24.6464	24.8930
November	25.1917	23.9900	24.6680
December	25.4312	24.6464	25.0298