2023 KRW to ISK Historical Review

YEARLY HIGH

0.1167 ISK

YEARLY LOW

0.0983 ISK

YEARLY AVERAGE

0.1057 ISK

2023 KRW to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 0.1167. Conversely, the yearly low was recorded on August 21, dropping to 0.0983.

This high-to-low spread represents a total annual volatility of 0.0183 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1150 to the December average rate of 0.1059, the exchange rate registered a net change of -7.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1167 was up 3.22% compared to the 2022 peak of 0.1130, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 583,402 ISK

2022 Average 524,112 ISK

Yearly Trough Low 491,666 ISK

Transaction Impact: A difference of 91,736.04 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1166

0.0981

JanuMarcMayJulySeptNove

KRW 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 0.1080, compared to 0.1033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.1080

H2 Avg (Jul–Dec) 0.1033

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0060 ISK (High: 0.1149 / Low: 0.1089). On the other end, October was the most stable month, with a tight range of 0.0015 ISK (High: 0.1033 / Low: 0.1018).

February Spread (Volatile) ±0.0060

October Spread (Stable) ±0.0015

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 February and March, when the average rate fell by 0.0046 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1150) against the same month in 2022 (average: 0.1079), the exchange rate shifted by +0.0072 (+6.64%).

2023 Avg (January) 0.1150

2022 Avg (January) 0.1079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1167	0.1119	0.1150
February	0.1149	0.1089	0.1118
March	0.1090	0.1045	0.1072
April	0.1055	0.1009	0.1033
May	0.1067	0.1015	0.1043
June	0.1087	0.1035	0.1064
July	0.1058	0.1022	0.1033
August	0.1020	0.0983	0.0996
September	0.1029	0.1000	0.1014
October	0.1033	0.1018	0.1026
November	0.1092	0.1035	0.1071
December	0.1079	0.1047	0.1059