2023 ISK to SEK Historical Review

YEARLY HIGH

0.0838 SEK

YEARLY LOW

0.0709 SEK

YEARLY AVERAGE

0.0770 SEK

2023 ISK to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0838. Conversely, the yearly low was recorded on January 25, dropping to 0.0709.

This high-to-low spread represents a total annual volatility of 0.0130 SEK. From a start-to-finish perspective, comparing the January average rate of 0.0727 to the December average rate of 0.0743, the exchange rate registered a net change of 2.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0838 was up 6.69% compared to the 2022 peak of 0.0786, 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 419 SEK

2022 Average 374 SEK

Yearly Trough Low 354 SEK

Transaction Impact: A difference of 64.79 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0831

0.0718

JanuMarcMayJulySeptNove

ISK to SEK 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 0.0751, compared to 0.0789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.0751

H2 Avg (Jul–Dec) 0.0789

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0059 SEK (High: 0.0800 / Low: 0.0741). On the other end, April was the most stable month, with a tight range of 0.0011 SEK (High: 0.0764 / Low: 0.0753).

November Spread (Volatile) ±0.0059

April Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and April, 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 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0822) against the same month in 2022 (average: 0.0750), the exchange rate shifted by +0.0072 (+9.58%).

2023 Avg (August) 0.0822

2022 Avg (August) 0.0750

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0740	0.0709	0.0727
February	0.0750	0.0714	0.0731
March	0.0767	0.0735	0.0751
April	0.0764	0.0753	0.0758
May	0.0781	0.0740	0.0757
June	0.0793	0.0767	0.0781
July	0.0812	0.0778	0.0793
August	0.0838	0.0803	0.0822
September	0.0837	0.0792	0.0820
October	0.0806	0.0787	0.0795
November	0.0800	0.0741	0.0763
December	0.0752	0.0732	0.0743