2023 ISK to ZAR Historical Review

YEARLY HIGH

0.1449 ZAR

YEARLY LOW

0.1174 ZAR

YEARLY AVERAGE

0.1339 ZAR

2023 ISK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 0.1449. Conversely, the yearly low was recorded on January 10, dropping to 0.1174.

This high-to-low spread represents a total annual volatility of 0.0275 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1195 to the December average rate of 0.1349, the exchange rate registered a net change of 12.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1449 was up 13.52% compared to the 2022 peak of 0.1277, 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 725 ZAR

2022 Average 605 ZAR

Yearly Trough Low 587 ZAR

Transaction Impact: A difference of 137.73 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1448

0.1172

JanuMarcMayJulySeptNove

ISK to ZAR 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 0.1304, compared to 0.1374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.1304

H2 Avg (Jul–Dec) 0.1374

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0090 ZAR (High: 0.1425 / Low: 0.1335). On the other end, December was the most stable month, with a tight range of 0.0047 ZAR (High: 0.1375 / Low: 0.1328).

July Spread (Volatile) ±0.0090

December Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0048 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0048

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1425) against the same month in 2022 (average: 0.1206), the exchange rate shifted by +0.0219 (+18.18%).

2023 Avg (August) 0.1425

2022 Avg (August) 0.1206

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1234	0.1174	0.1195
February	0.1283	0.1214	0.1253
March	0.1354	0.1276	0.1306
April	0.1354	0.1293	0.1331
May	0.1415	0.1333	0.1379
June	0.1409	0.1332	0.1359
July	0.1425	0.1335	0.1373
August	0.1449	0.1394	0.1425
September	0.1435	0.1371	0.1402
October	0.1420	0.1338	0.1373
November	0.1367	0.1285	0.1325
December	0.1375	0.1328	0.1349