2022 MDL to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MDL to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MDL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 7.7213. Conversely, the yearly low was recorded on May 30, dropping to 6.6648.
This high-to-low spread represents a total annual volatility of 1.0565 ISK. From a start-to-finish perspective, comparing the January average rate of 7.1983 to the December average rate of 7.3640, the exchange rate registered a net change of 2.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 7.7213 was up 2.10% compared to the 2021 peak of 7.5627, 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 2022.
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 7.0160, compared to 7.3166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3006 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 0.4582 ISK (High: 7.1230 / Low: 6.6648). On the other end, July was the most stable month, with a tight range of 0.2113 ISK (High: 7.1922 / Low: 6.9809).
Growth Streaks & Declines
TrendsBetween June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2094 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2022: 7.4989) against the same month in 2021 (average: 7.4207), the exchange rate shifted by +0.0782 (+1.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.3534 | 7.1110 | 7.1983 |
| February | 7.1370 | 6.8956 | 6.9890 |
| March | 7.3472 | 6.9633 | 7.1007 |
| April | 7.1182 | 6.8963 | 7.0180 |
| May | 7.1230 | 6.6648 | 6.9327 |
| June | 6.9998 | 6.7008 | 6.8571 |
| July | 7.1922 | 6.9809 | 7.0893 |
| August | 7.3459 | 7.0175 | 7.2001 |
| September | 7.4558 | 7.1565 | 7.3138 |
| October | 7.5301 | 7.3147 | 7.4332 |
| November | 7.7213 | 7.3215 | 7.4989 |
| December | 7.4741 | 7.2045 | 7.3640 |