2023 ISK to NOK Historical Review

YEARLY HIGH

0.0815 NOK

YEARLY LOW

0.0687 NOK

YEARLY AVERAGE

0.0766 NOK

2023 ISK to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 28, valuing the pair at 0.0815. Conversely, the yearly low was recorded on January 24, dropping to 0.0687.

This high-to-low spread represents a total annual volatility of 0.0129 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0695 to the December average rate of 0.0763, the exchange rate registered a net change of 9.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0815 was up 6.80% compared to the 2022 peak of 0.0763, 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 408 NOK

2022 Average 355 NOK

Yearly Trough Low 343 NOK

Transaction Impact: A difference of 64.26 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0805

0.0685

JanuMarcMayJulySeptNove

ISK to NOK 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 0.0750, compared to 0.0783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.0750

H2 Avg (Jul–Dec) 0.0783

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0046 NOK (High: 0.0815 / Low: 0.0769). On the other end, January was the most stable month, with a tight range of 0.0022 NOK (High: 0.0709 / Low: 0.0687).

August Spread (Volatile) ±0.0046

January Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0017 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0795) against the same month in 2022 (average: 0.0702), the exchange rate shifted by +0.0093 (+13.20%).

2023 Avg (August) 0.0795

2022 Avg (August) 0.0702

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0709	0.0687	0.0695
February	0.0730	0.0707	0.0716
March	0.0772	0.0731	0.0753
April	0.0785	0.0751	0.0770
May	0.0804	0.0764	0.0781
June	0.0795	0.0770	0.0783
July	0.0799	0.0760	0.0775
August	0.0815	0.0769	0.0795
September	0.0809	0.0775	0.0793
October	0.0804	0.0776	0.0794
November	0.0800	0.0761	0.0780
December	0.0787	0.0744	0.0763