2023 ISK to PYG Historical Review

YEARLY HIGH

55.8635 PYG

YEARLY LOW

50.2391 PYG

YEARLY AVERAGE

52.8771 PYG

2023 ISK to PYG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 55.8635. Conversely, the yearly low was recorded on February 16, dropping to 50.2391.

This high-to-low spread represents a total annual volatility of 5.6243 PYG. From a start-to-finish perspective, comparing the January average rate of 51.6219 to the December average rate of 53.3841, the exchange rate registered a net change of 3.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 55.8635 was down 0.99% compared to the 2022 peak of 56.4206, 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 279,317 PYG

2022 Average 258,420 PYG

Yearly Trough Low 251,196 PYG

Transaction Impact: A difference of 28,121.75 PYG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

55.5754

50.6268

JanuMarcMayJulySeptNove

ISK to PYG 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 51.8513, compared to 53.9029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0516 points.

H1 Avg (Jan–Jun) 51.8513

H2 Avg (Jul–Dec) 53.9029

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.8023 PYG (High: 53.9274 / Low: 51.1251). On the other end, August was the most stable month, with a tight range of 1.0975 PYG (High: 55.8635 / Low: 54.7660).

June Spread (Volatile) ±2.8023

August Spread (Stable) ±1.0975

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 August and September, when the average rate fell by 1.3953 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3953

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 55.1631) against the same month in 2022 (average: 49.6168), the exchange rate shifted by +5.5462 (+11.18%).

2023 Avg (August) 55.1631

2022 Avg (August) 49.6168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.4328	50.5777	51.6219
February	52.6950	50.2391	51.0392
March	52.7959	50.5066	51.3807
April	53.7879	51.7555	52.4487
May	52.9853	51.2393	52.0157
June	53.9274	51.1251	52.6018
July	55.7228	52.9285	54.7440
August	55.8635	54.7660	55.1631
September	55.1743	52.9030	53.7678
October	53.8635	52.1665	53.1843
November	54.3020	51.7365	53.1740
December	54.1341	52.5636	53.3841