2023 ISK to MUR Historical Review

YEARLY HIGH

0.3528 MUR

YEARLY LOW

0.3019 MUR

YEARLY AVERAGE

0.3273 MUR

2023 ISK to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 0.3528. Conversely, the yearly low was recorded on January 5, dropping to 0.3019.

This high-to-low spread represents a total annual volatility of 0.0509 MUR. From a start-to-finish perspective, comparing the January average rate of 0.3088 to the December average rate of 0.3203, the exchange rate registered a net change of 3.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3528 was down 0.23% compared to the 2022 peak of 0.3536, 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 1,764 MUR

2022 Average 1,638 MUR

Yearly Trough Low 1,509 MUR

Transaction Impact: A difference of 254.70 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3487

0.3052

JanuMarcMayJulySeptNove

ISK to MUR 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 0.3251, compared to 0.3296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.3251

H2 Avg (Jul–Dec) 0.3296

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0270 MUR (High: 0.3496 / Low: 0.3226). On the other end, October was the most stable month, with a tight range of 0.0054 MUR (High: 0.3227 / Low: 0.3173).

September Spread (Volatile) ±0.0270

October Spread (Stable) ±0.0054

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 September and October, when the average rate fell by 0.0127 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3435) against the same month in 2022 (average: 0.3322), the exchange rate shifted by +0.0113 (+3.39%).

2023 Avg (July) 0.3435

2022 Avg (July) 0.3322

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3166	0.3019	0.3088
February	0.3223	0.3159	0.3196
March	0.3383	0.3252	0.3321
April	0.3343	0.3287	0.3307
May	0.3344	0.3230	0.3281
June	0.3385	0.3225	0.3311
July	0.3528	0.3316	0.3435
August	0.3494	0.3418	0.3451
September	0.3496	0.3226	0.3325
October	0.3227	0.3173	0.3198
November	0.3222	0.3074	0.3162
December	0.3291	0.3150	0.3203