2023 JPY to ISK Historical Review

YEARLY HIGH

1.1164 ISK

YEARLY LOW

0.8925 ISK

YEARLY AVERAGE

0.9844 ISK

2023 JPY to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.1164. Conversely, the yearly low was recorded on August 30, dropping to 0.8925.

This high-to-low spread represents a total annual volatility of 0.2240 ISK. From a start-to-finish perspective, comparing the January average rate of 1.0978 to the December average rate of 0.9596, the exchange rate registered a net change of -12.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1164 was down 4.15% compared to the 2022 peak of 1.1647, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 558,207 ISK

2022 Average 516,285 ISK

Yearly Trough Low 446,230 ISK

Transaction Impact: A difference of 111,977.09 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1166

0.8918

JanuMarcMayJulySeptNove

JPY 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 1.0377, compared to 0.9310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1067 points.

H1 Avg (Jan–Jun) 1.0377

H2 Avg (Jul–Dec) 0.9310

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0682 ISK (High: 1.0104 / Low: 0.9422). On the other end, October was the most stable month, with a tight range of 0.0157 ISK (High: 0.9342 / Low: 0.9185).

June Spread (Volatile) ±0.0682

October Spread (Stable) ±0.0157

Growth Streaks & Declines

Trends

Between August and December, 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 June and July, when the average rate fell by 0.0357 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0357

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0978) against the same month in 2022 (average: 1.1231), the exchange rate shifted by -0.0253 (-2.25%).

2023 Avg (January) 1.0978

2022 Avg (January) 1.1231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1164	1.0800	1.0978
February	1.0929	1.0530	1.0743
March	1.0673	1.0196	1.0475
April	1.0473	0.9963	1.0221
May	1.0228	0.9885	1.0090
June	1.0104	0.9422	0.9757
July	0.9544	0.9219	0.9400
August	0.9296	0.8925	0.9105
September	0.9265	0.9022	0.9155
October	0.9342	0.9185	0.9267
November	0.9483	0.9196	0.9337
December	0.9769	0.9452	0.9596