2023 MAD to ISK Historical Review

YEARLY HIGH

14.1844 ISK

YEARLY LOW

12.8942 ISK

YEARLY AVERAGE

13.6212 ISK

2023 MAD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 14.1844. Conversely, the yearly low was recorded on August 29, dropping to 12.8942.

This high-to-low spread represents a total annual volatility of 1.2902 ISK. From a start-to-finish perspective, comparing the January average rate of 13.9665 to the December average rate of 13.7286, the exchange rate registered a net change of -1.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.1844 was up 0.55% compared to the 2022 peak of 14.1068, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 70,922 ISK

2022 Average 66,609 ISK

Yearly Trough Low 64,471 ISK

Transaction Impact: A difference of 6,451.11 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.0405

13.1517

JanuMarcMayJulySeptNove

MAD 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 13.7161, compared to 13.5263 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1897 points.

H1 Avg (Jan–Jun) 13.7161

H2 Avg (Jul–Dec) 13.5263

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.7452 ISK (High: 13.6394 / Low: 12.8942). On the other end, December was the most stable month, with a tight range of 0.2956 ISK (High: 13.8247 / Low: 13.5292).

August Spread (Volatile) ±0.7452

December Spread (Stable) ±0.2956

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3423 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 13.9665) against the same month in 2022 (average: 13.8847), the exchange rate shifted by +0.0817 (+0.59%).

2023 Avg (January) 13.9665

2022 Avg (January) 13.8847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.1844	13.5571	13.9665
February	14.0508	13.7008	13.8892
March	13.7224	13.3059	13.5469
April	13.7140	13.3258	13.4758
May	13.8744	13.5404	13.6996
June	13.8847	13.4952	13.7184
July	14.0127	13.3109	13.6266
August	13.6394	12.8942	13.3178
September	13.4563	12.9055	13.2258
October	13.6347	13.2868	13.4917
November	14.0627	13.5458	13.7675
December	13.8247	13.5292	13.7286