2023 ISK to NIO Historical Review

YEARLY HIGH

0.2809 NIO

YEARLY LOW

0.2513 NIO

YEARLY AVERAGE

0.2652 NIO

2023 ISK to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.2809. Conversely, the yearly low was recorded on February 24, dropping to 0.2513.

This high-to-low spread represents a total annual volatility of 0.0296 NIO. From a start-to-finish perspective, comparing the January average rate of 0.2553 to the December average rate of 0.2660, the exchange rate registered a net change of 4.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2809 was down 2.34% compared to the 2022 peak of 0.2876, 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 1,404 NIO

2022 Average 1,328 NIO

Yearly Trough Low 1,256 NIO

Transaction Impact: A difference of 147.92 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2798

0.2528

JanuMarcMayJulySeptNove

ISK to NIO 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 0.2613, compared to 0.2691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.2613

H2 Avg (Jul–Dec) 0.2691

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0136 NIO (High: 0.2802 / Low: 0.2666). On the other end, October was the most stable month, with a tight range of 0.0047 NIO (High: 0.2661 / Low: 0.2614).

July Spread (Volatile) ±0.0136

October Spread (Stable) ±0.0047

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 August and September, when the average rate fell by 0.0072 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.2775) against the same month in 2022 (average: 0.2595), the exchange rate shifted by +0.0180 (+6.93%).

2023 Avg (August) 0.2775

2022 Avg (August) 0.2595

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2592	0.2519	0.2553
February	0.2621	0.2513	0.2551
March	0.2693	0.2561	0.2609
April	0.2708	0.2650	0.2675
May	0.2696	0.2595	0.2640
June	0.2717	0.2592	0.2652
July	0.2802	0.2666	0.2754
August	0.2809	0.2760	0.2775
September	0.2774	0.2653	0.2703
October	0.2661	0.2614	0.2639
November	0.2679	0.2547	0.2617
December	0.2704	0.2616	0.2660