2023 ISK to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ISK to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ISK to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 160.8337. Conversely, the yearly low was recorded on February 21, dropping to 121.9369.
This high-to-low spread represents a total annual volatility of 38.8968 SLL. From a start-to-finish perspective, comparing the January average rate of 123.6240 to the December average rate of 152.1338, the exchange rate registered a net change of 23.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 160.8337 was up 28.16% compared to the 2022 peak of 125.4973, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ISK to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 126.4268, compared to 150.6352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.2084 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 31.0505 SLL (High: 159.8041 / Low: 128.7536). On the other end, August was the most stable month, with a tight range of 2.5972 SLL (High: 160.8337 / Low: 158.2365).
Growth Streaks & Declines
TrendsBetween 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 4.0848 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 159.0631) against the same month in 2022 (average: 99.1850), the exchange rate shifted by +59.8781 (+60.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 125.3459 | 122.0296 | 123.6240 |
| February | 126.7308 | 121.9369 | 123.4801 |
| March | 130.0618 | 123.9127 | 126.2741 |
| April | 130.9294 | 128.1465 | 129.4223 |
| May | 130.2536 | 125.3993 | 127.5976 |
| June | 131.2895 | 125.2215 | 128.1626 |
| July | 159.8041 | 128.7536 | 136.3981 |
| August | 160.8337 | 158.2365 | 159.0631 |
| September | 158.9608 | 152.0410 | 154.9783 |
| October | 152.9950 | 149.8035 | 151.3026 |
| November | 153.1179 | 145.8139 | 149.9352 |
| December | 154.5739 | 149.8035 | 152.1338 |