2020 MDL to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MDL to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MDL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 8.4976. Conversely, the yearly low was recorded on January 1, dropping to 7.0300.
This high-to-low spread represents a total annual volatility of 1.4676 ISK. From a start-to-finish perspective, comparing the January average rate of 7.1072 to the December average rate of 7.4091, the exchange rate registered a net change of 4.25% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 8.4976 was up 17.23% compared to the 2019 peak of 7.2484, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MDL to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 7.6543, compared to 8.0540 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3998 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.7106 ISK (High: 7.9268 / Low: 7.2162). On the other end, October was the most stable month, with a tight range of 0.1532 ISK (High: 8.2999 / Low: 8.1467).
Growth Streaks & Declines
TrendsBetween January and May, 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 November and December, when the average rate fell by 0.5691 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2020: 8.2896) against the same month in 2019 (average: 7.0551), the exchange rate shifted by +1.2345 (+17.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.2159 | 7.0300 | 7.1072 |
| February | 7.2857 | 7.0540 | 7.2063 |
| March | 7.9268 | 7.2162 | 7.6290 |
| April | 8.2182 | 7.7209 | 7.9686 |
| May | 8.3357 | 7.7537 | 8.1035 |
| June | 8.1324 | 7.6312 | 7.9109 |
| July | 8.3091 | 8.0264 | 8.1625 |
| August | 8.3611 | 8.1525 | 8.2637 |
| September | 8.4976 | 8.1486 | 8.2896 |
| October | 8.2999 | 8.1467 | 8.2212 |
| November | 8.2993 | 7.7094 | 7.9782 |
| December | 7.6210 | 7.2504 | 7.4091 |