YEARLY HIGH
207.8138 ISK
YEARLY LOW
170.7334 ISK
YEARLY AVERAGE
190.8938 ISK

2020 JOD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the JOD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 207.8138. Conversely, the yearly low was recorded on January 1, dropping to 170.7334.

This high-to-low spread represents a total annual volatility of 37.0804 ISK. From a start-to-finish perspective, comparing the January average rate of 174.1599 to the December average rate of 179.6836, the exchange rate registered a net change of 3.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 207.8138 was up 16.06% compared to the 2019 peak of 179.0549, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,039,069 ISK
2019 Average 864,379 ISK
Yearly Trough Low 853,667 ISK
Transaction Impact: A difference of 185,402.09 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

206.6348
171.2077
JanuMarcMayJulySeptNove

JOD 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 190.0100, compared to 191.7776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7677 points.

H1 Avg (Jan–Jun) 190.0100
H2 Avg (Jul–Dec) 191.7776

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 21.1655 ISK (High: 199.9294 / Low: 178.7639). On the other end, August was the most stable month, with a tight range of 4.8096 ISK (High: 195.0776 / Low: 190.2680).

March Spread (Volatile) ±21.1655
August Spread (Stable) ±4.8096

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 November and December, when the average rate fell by 12.9261 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -12.9261

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 202.2166) against the same month in 2019 (average: 173.2212), the exchange rate shifted by +28.9954 (+16.74%).

2020 Avg (May) 202.2166
2019 Avg (May) 173.2212

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 175.8674 170.7334 174.1599
February 181.1001 173.6133 178.4584
March 199.9294 178.7639 190.0981
April 207.6587 200.4513 203.6825
May 207.8138 191.5656 202.2166
June 196.9394 185.3032 191.4441
July 198.7306 189.6192 195.1367
August 195.0776 190.2680 192.7931
September 198.1382 190.3949 194.3517
October 199.2666 194.3583 196.0911
November 199.3013 187.5141 192.6097
December 184.6121 176.6398 179.6836