2023 ISK to NZD Historical Review

YEARLY HIGH

0.0129 NZD

YEARLY LOW

0.0107 NZD

YEARLY AVERAGE

0.0118 NZD

2023 ISK to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0129. Conversely, the yearly low was recorded on January 24, dropping to 0.0107.

This high-to-low spread represents a total annual volatility of 0.0022 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0109 to the December average rate of 0.0116, the exchange rate registered a net change of 6.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0129 was up 3.55% compared to the 2022 peak of 0.0124, 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 64 NZD

2022 Average 58 NZD

Yearly Trough Low 54 NZD

Transaction Impact: A difference of 10.84 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0128

0.0108

JanuMarcMayJulySeptNove

ISK to NZD 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 0.0115, compared to 0.0122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0115

H2 Avg (Jul–Dec) 0.0122

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0006 NZD (High: 0.0127 / Low: 0.0121). On the other end, December was the most stable month, with a tight range of 0.0002 NZD (High: 0.0118 / Low: 0.0116).

September Spread (Volatile) ±0.0006

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0127) against the same month in 2022 (average: 0.0115), the exchange rate shifted by +0.0011 (+9.85%).

2023 Avg (August) 0.0127

2022 Avg (August) 0.0115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0111	0.0107	0.0109
February	0.0113	0.0110	0.0111
March	0.0118	0.0113	0.0115
April	0.0120	0.0115	0.0118
May	0.0119	0.0114	0.0116
June	0.0121	0.0117	0.0118
July	0.0124	0.0118	0.0121
August	0.0129	0.0124	0.0127
September	0.0127	0.0121	0.0125
October	0.0124	0.0120	0.0122
November	0.0122	0.0117	0.0119
December	0.0118	0.0116	0.0116