2023 ISK to QAR Historical Review

YEARLY HIGH

0.0280 QAR

YEARLY LOW

0.0251 QAR

YEARLY AVERAGE

0.0264 QAR

2023 ISK to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0280. Conversely, the yearly low was recorded on February 18, dropping to 0.0251.

This high-to-low spread represents a total annual volatility of 0.0029 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0255 to the December average rate of 0.0264, the exchange rate registered a net change of 3.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0280 was down 4.57% compared to the 2022 peak of 0.0293, 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 140 QAR

2022 Average 135 QAR

Yearly Trough Low 126 QAR

Transaction Impact: A difference of 14.28 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0279

0.0253

JanuMarcMayJulySeptNove

ISK to QAR 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 0.0261, compared to 0.0268 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) 0.0261

H2 Avg (Jul–Dec) 0.0268

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0014 QAR (High: 0.0279 / Low: 0.0266). On the other end, August was the most stable month, with a tight range of 0.0005 QAR (High: 0.0280 / Low: 0.0275).

July Spread (Volatile) ±0.0014

August Spread (Stable) ±0.0005

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 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0276) against the same month in 2022 (average: 0.0263), the exchange rate shifted by +0.0014 (+5.21%).

2023 Avg (August) 0.0276

2022 Avg (August) 0.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0260	0.0252	0.0255
February	0.0262	0.0251	0.0255
March	0.0268	0.0256	0.0261
April	0.0270	0.0264	0.0267
May	0.0269	0.0258	0.0263
June	0.0271	0.0258	0.0264
July	0.0279	0.0266	0.0274
August	0.0280	0.0275	0.0276
September	0.0276	0.0264	0.0269
October	0.0266	0.0260	0.0263
November	0.0266	0.0253	0.0260
December	0.0269	0.0260	0.0264