2023 ISK to MXN Historical Review

YEARLY HIGH

0.1377 MXN

YEARLY LOW

0.1217 MXN

YEARLY AVERAGE

0.1286 MXN

2023 ISK to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1377. Conversely, the yearly low was recorded on November 22, dropping to 0.1217.

This high-to-low spread represents a total annual volatility of 0.0160 MXN. From a start-to-finish perspective, comparing the January average rate of 0.1327 to the December average rate of 0.1245, the exchange rate registered a net change of -6.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1377 was down 16.88% compared to the 2022 peak of 0.1656, 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 688 MXN

2022 Average 745 MXN

Yearly Trough Low 608 MXN

Transaction Impact: A difference of 80.00 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1336

0.1234

JanuMarcMayJulySeptNove

ISK to MXN 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 0.1300, compared to 0.1272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.1300

H2 Avg (Jul–Dec) 0.1272

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0099 MXN (High: 0.1364 / Low: 0.1265). On the other end, December was the most stable month, with a tight range of 0.0019 MXN (High: 0.1256 / Low: 0.1237).

March Spread (Volatile) ±0.0099

December Spread (Stable) ±0.0019

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 October and November, when the average rate fell by 0.0063 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1327) against the same month in 2022 (average: 0.1589), the exchange rate shifted by -0.0262 (-16.50%).

2023 Avg (January) 0.1327

2022 Avg (January) 0.1589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1377	0.1303	0.1327
February	0.1345	0.1270	0.1300
March	0.1364	0.1265	0.1316
April	0.1338	0.1309	0.1324
May	0.1325	0.1257	0.1281
June	0.1273	0.1236	0.1251
July	0.1292	0.1243	0.1275
August	0.1312	0.1270	0.1288
September	0.1311	0.1252	0.1278
October	0.1331	0.1263	0.1305
November	0.1273	0.1217	0.1242
December	0.1256	0.1237	0.1245