2023 ISK to SGD Historical Review

YEARLY HIGH

0.0104 SGD

YEARLY LOW

0.0091 SGD

YEARLY AVERAGE

0.0097 SGD

2023 ISK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0104. Conversely, the yearly low was recorded on January 25, dropping to 0.0091.

This high-to-low spread represents a total annual volatility of 0.0012 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0093 to the December average rate of 0.0097, the exchange rate registered a net change of 4.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0104 was down 4.68% compared to the 2022 peak of 0.0109, 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 52 SGD

2022 Average 51 SGD

Yearly Trough Low 46 SGD

Transaction Impact: A difference of 6.16 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0103

0.0092

JanuMarcMayJulySeptNove

ISK to SGD 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 0.0096, compared to 0.0099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0096

H2 Avg (Jul–Dec) 0.0099

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0004 SGD (High: 0.0100 / Low: 0.0096). On the other end, October was the most stable month, with a tight range of 0.0002 SGD (High: 0.0100 / Low: 0.0098).

June Spread (Volatile) ±0.0004

October Spread (Stable) ±0.0002

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0102) against the same month in 2022 (average: 0.0100), the exchange rate shifted by +0.0003 (+2.61%).

2023 Avg (August) 0.0102

2022 Avg (August) 0.0100

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0095	0.0091	0.0093
February	0.0094	0.0092	0.0093
March	0.0098	0.0094	0.0096
April	0.0099	0.0097	0.0098
May	0.0098	0.0096	0.0097
June	0.0100	0.0096	0.0098
July	0.0101	0.0098	0.0101
August	0.0104	0.0101	0.0102
September	0.0103	0.0099	0.0101
October	0.0100	0.0098	0.0099
November	0.0098	0.0094	0.0096
December	0.0097	0.0096	0.0097