2023 ISK to SCR Historical Review

YEARLY HIGH

0.1078 SCR

YEARLY LOW

0.0900 SCR

YEARLY AVERAGE

0.0975 SCR

2023 ISK to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.1078. Conversely, the yearly low was recorded on February 24, dropping to 0.0900.

This high-to-low spread represents a total annual volatility of 0.0178 SCR. From a start-to-finish perspective, comparing the January average rate of 0.0948 to the December average rate of 0.0975, the exchange rate registered a net change of 2.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1078 was down 7.50% compared to the 2022 peak of 0.1165, 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 539 SCR

2022 Average 503 SCR

Yearly Trough Low 450 SCR

Transaction Impact: A difference of 88.86 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1021

0.0941

JanuMarcMayJulySeptNove

ISK to SCR 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 0.0970, compared to 0.0981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0970

H2 Avg (Jul–Dec) 0.0981

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0125 SCR (High: 0.1078 / Low: 0.0952). On the other end, August was the most stable month, with a tight range of 0.0031 SCR (High: 0.1034 / Low: 0.1003).

July Spread (Volatile) ±0.0125

August Spread (Stable) ±0.0031

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 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1008) against the same month in 2022 (average: 0.0972), the exchange rate shifted by +0.0035 (+3.64%).

2023 Avg (July) 0.1008

2022 Avg (July) 0.0972

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0992	0.0908	0.0948
February	0.1011	0.0900	0.0948
March	0.1014	0.0923	0.0962
April	0.1035	0.0948	0.0990
May	0.1023	0.0940	0.0975
June	0.1044	0.0937	0.0994
July	0.1078	0.0952	0.1008
August	0.1034	0.1003	0.1014
September	0.1004	0.0939	0.0971
October	0.1003	0.0913	0.0962
November	0.1002	0.0922	0.0955
December	0.1025	0.0926	0.0975