YEARLY HIGH
2.9492 MRO
YEARLY LOW
2.4230 MRO
YEARLY AVERAGE
2.6443 MRO

2020 ISK to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ISK to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.9492. Conversely, the yearly low was recorded on May 6, dropping to 2.4230.

This high-to-low spread represents a total annual volatility of 0.5262 MRO. From a start-to-finish perspective, comparing the January average rate of 2.8914 to the December average rate of 2.8027, the exchange rate registered a net change of -3.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.9492 was down 3.86% compared to the 2019 peak of 3.0675, 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 14,746 MRO
2019 Average 14,568 MRO
Yearly Trough Low 12,115 MRO
Transaction Impact: A difference of 2,631.14 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.9333
2.4304
JanuMarcMayJulySeptNove

ISK to MRO 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 2.6603, compared to 2.6283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0321 points.

H1 Avg (Jan–Jun) 2.6603
H2 Avg (Jul–Dec) 2.6283

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2994 MRO (High: 2.8179 / Low: 2.5185). On the other end, October was the most stable month, with a tight range of 0.0638 MRO (High: 2.5907 / Low: 2.5269).

March Spread (Volatile) ±0.2994
October Spread (Stable) ±0.0638

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.1814 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1814

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 2.8914) against the same month in 2019 (average: 2.9834), the exchange rate shifted by -0.0920 (-3.08%).

2020 Avg (January) 2.8914
2019 Avg (January) 2.9834

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.9492 2.8631 2.8914
February 2.9023 2.7804 2.8221
March 2.8179 2.5185 2.6538
April 2.5120 2.4248 2.4723
May 2.6285 2.4230 2.4916
June 2.7173 2.5568 2.6309
July 2.6555 2.5337 2.5810
August 2.6464 2.5812 2.6119
September 2.6446 2.5413 2.5911
October 2.5907 2.5269 2.5679
November 2.6860 2.5265 2.6149
December 2.8506 2.7275 2.8027