2023 ISK to PEN Historical Review

YEARLY HIGH

0.0283 PEN

YEARLY LOW

0.0261 PEN

YEARLY AVERAGE

0.0271 PEN

2023 ISK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0283. Conversely, the yearly low was recorded on June 5, dropping to 0.0261.

This high-to-low spread represents a total annual volatility of 0.0022 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0268 to the December average rate of 0.0271, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0283 was down 8.48% compared to the 2022 peak of 0.0309, 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 142 PEN

2022 Average 142 PEN

Yearly Trough Low 131 PEN

Transaction Impact: A difference of 10.96 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0282

0.0263

JanuMarcMayJulySeptNove

ISK to PEN 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 0.0269, compared to 0.0274 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0269

H2 Avg (Jul–Dec) 0.0274

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0013 PEN (High: 0.0276 / Low: 0.0263). On the other end, August was the most stable month, with a tight range of 0.0008 PEN (High: 0.0283 / Low: 0.0275).

February Spread (Volatile) ±0.0013

August Spread (Stable) ±0.0008

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 April and May, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0280) against the same month in 2022 (average: 0.0279), the exchange rate shifted by +0.0001 (+0.22%).

2023 Avg (August) 0.0280

2022 Avg (August) 0.0279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0272	0.0263	0.0268
February	0.0276	0.0263	0.0268
March	0.0276	0.0265	0.0270
April	0.0280	0.0271	0.0275
May	0.0274	0.0262	0.0266
June	0.0270	0.0261	0.0265
July	0.0275	0.0264	0.0271
August	0.0283	0.0275	0.0280
September	0.0280	0.0271	0.0275
October	0.0281	0.0271	0.0277
November	0.0275	0.0264	0.0270
December	0.0276	0.0268	0.0271