2023 ISK to SYP Historical Review

YEARLY HIGH

19.2708 SYP

YEARLY LOW

17.3433 SYP

YEARLY AVERAGE

18.2317 SYP

2023 ISK to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 19.2708. Conversely, the yearly low was recorded on February 21, dropping to 17.3433.

This high-to-low spread represents a total annual volatility of 1.9275 SYP. From a start-to-finish perspective, comparing the January average rate of 17.5833 to the December average rate of 18.2284, the exchange rate registered a net change of 3.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.2708 was down 4.76% compared to the 2022 peak of 20.2336, 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 96,354 SYP

2022 Average 93,065 SYP

Yearly Trough Low 86,717 SYP

Transaction Impact: A difference of 9,637.41 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.2083

17.4132

JanuMarcMayJulySeptNove

ISK to SYP 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 17.9819, compared to 18.4815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4995 points.

H1 Avg (Jan–Jun) 17.9819

H2 Avg (Jul–Dec) 18.4815

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.9446 SYP (High: 19.2575 / Low: 18.3129). On the other end, August was the most stable month, with a tight range of 0.3112 SYP (High: 19.2708 / Low: 18.9596).

July Spread (Volatile) ±0.9446

August Spread (Stable) ±0.3112

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 0.4894 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4894

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 19.0587) against the same month in 2022 (average: 18.1255), the exchange rate shifted by +0.9332 (+5.15%).

2023 Avg (August) 19.0587

2022 Avg (August) 18.1255

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.8282	17.3565	17.5833
February	18.0252	17.3433	17.5628
March	18.4990	17.6244	17.9602
April	18.6224	18.2266	18.4080
May	18.5262	17.8358	18.1485
June	18.6736	17.8105	18.2288
July	19.2575	18.3129	18.9388
August	19.2708	18.9596	19.0587
September	19.0464	18.2173	18.5692
October	18.3316	17.9492	18.1288
November	18.3463	17.4712	17.9650
December	18.5208	17.9492	18.2284