2021 ISK to PKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 ISK to PKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ISK to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.3776. Conversely, the yearly low was recorded on April 12, dropping to 1.1963.
This high-to-low spread represents a total annual volatility of 0.1814 PKR. From a start-to-finish perspective, comparing the January average rate of 1.2494 to the December average rate of 1.3647, the exchange rate registered a net change of 9.24% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 1.3776 was up 7.13% compared to the 2020 peak of 1.2859, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
ISK to PKR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.2432, compared to 1.3218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0786 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 0.0750 PKR (High: 1.2886 / Low: 1.2136). On the other end, June was the most stable month, with a tight range of 0.0242 PKR (High: 1.2935 / Low: 1.2693).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0162 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 1.3647) against the same month in 2020 (average: 1.2583), the exchange rate shifted by +0.1064 (+8.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.2680 | 1.2357 | 1.2494 |
| February | 1.2563 | 1.2304 | 1.2425 |
| March | 1.2539 | 1.2039 | 1.2263 |
| April | 1.2550 | 1.1963 | 1.2164 |
| May | 1.2886 | 1.2136 | 1.2435 |
| June | 1.2935 | 1.2693 | 1.2812 |
| July | 1.3144 | 1.2660 | 1.2867 |
| August | 1.3274 | 1.2843 | 1.3060 |
| September | 1.3384 | 1.2966 | 1.3148 |
| October | 1.3539 | 1.3159 | 1.3319 |
| November | 1.3603 | 1.3041 | 1.3268 |
| December | 1.3776 | 1.3479 | 1.3647 |