2023 JMD to ISK Historical Review

YEARLY HIGH

0.9526 ISK

YEARLY LOW

0.8426 ISK

YEARLY AVERAGE

0.8952 ISK

2023 JMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.9526. Conversely, the yearly low was recorded on August 30, dropping to 0.8426.

This high-to-low spread represents a total annual volatility of 0.1100 ISK. From a start-to-finish perspective, comparing the January average rate of 0.9348 to the December average rate of 0.8875, the exchange rate registered a net change of -5.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9526 was down 1.80% compared to the 2022 peak of 0.9700, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JMD based on timing:

Yearly Peak High 4,763 ISK

2022 Average 4,411 ISK

Yearly Trough Low 4,213 ISK

Transaction Impact: A difference of 549.80 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9430

0.8444

JanuMarcMayJulySeptNove

JMD to ISK 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 0.9119, compared to 0.8785 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0334 points.

H1 Avg (Jan–Jun) 0.9119

H2 Avg (Jul–Dec) 0.8785

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0453 ISK (High: 0.8898 / Low: 0.8444). On the other end, October was the most stable month, with a tight range of 0.0179 ISK (High: 0.9039 / Low: 0.8860).

July Spread (Volatile) ±0.0453

October Spread (Stable) ±0.0179

Growth Streaks & Declines

Trends

Between August and November, 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 June and July, when the average rate fell by 0.0321 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0321

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.9348) against the same month in 2022 (average: 0.8324), the exchange rate shifted by +0.1023 (+12.29%).

2023 Avg (January) 0.9348

2022 Avg (January) 0.8324

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9526	0.9174	0.9348
February	0.9397	0.9095	0.9276
March	0.9304	0.8986	0.9211
April	0.9151	0.8826	0.8972
May	0.9140	0.8837	0.8985
June	0.9114	0.8732	0.8923
July	0.8898	0.8444	0.8603
August	0.8606	0.8426	0.8527
September	0.8911	0.8550	0.8757
October	0.9039	0.8860	0.8945
November	0.9229	0.8815	0.9005
December	0.9001	0.8737	0.8875