2023 ISK to PHP Historical Review

YEARLY HIGH

0.4355 PHP

YEARLY LOW

0.3784 PHP

YEARLY AVERAGE

0.4036 PHP

2023 ISK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.4355. Conversely, the yearly low was recorded on February 5, dropping to 0.3784.

This high-to-low spread represents a total annual volatility of 0.0571 PHP. From a start-to-finish perspective, comparing the January average rate of 0.3844 to the December average rate of 0.4028, the exchange rate registered a net change of 4.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4355 was up 4.73% compared to the 2022 peak of 0.4158, 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 2,177 PHP

2022 Average 2,015 PHP

Yearly Trough Low 1,892 PHP

Transaction Impact: A difference of 285.47 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4315

0.3790

JanuMarcMayJulySeptNove

ISK to PHP 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 0.3953, compared to 0.4119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0167 points.

H1 Avg (Jan–Jun) 0.3953

H2 Avg (Jul–Dec) 0.4119

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0195 PHP (High: 0.4132 / Low: 0.3937). On the other end, October was the most stable month, with a tight range of 0.0076 PHP (High: 0.4136 / Low: 0.4060).

April Spread (Volatile) ±0.0195

October Spread (Stable) ±0.0076

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 October and November, when the average rate fell by 0.0113 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0113

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4271) against the same month in 2022 (average: 0.4029), the exchange rate shifted by +0.0242 (+6.02%).

2023 Avg (August) 0.4271

2022 Avg (August) 0.4029

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3933	0.3793	0.3844
February	0.3886	0.3784	0.3834
March	0.3999	0.3863	0.3912
April	0.4132	0.3937	0.4048
May	0.4081	0.3963	0.4028
June	0.4132	0.3971	0.4049
July	0.4178	0.4030	0.4138
August	0.4355	0.4183	0.4271
September	0.4305	0.4111	0.4197
October	0.4136	0.4060	0.4097
November	0.4063	0.3891	0.3984
December	0.4097	0.3965	0.4028