2022 MMK to ISK Historical Review

YEARLY HIGH

0.0757 ISK

YEARLY LOW

0.0651 ISK

YEARLY AVERAGE

0.0703 ISK

2022 MMK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MMK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.0757. Conversely, the yearly low was recorded on August 13, dropping to 0.0651.

This high-to-low spread represents a total annual volatility of 0.0106 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0726 to the December average rate of 0.0677, the exchange rate registered a net change of -6.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0757 was down 22.47% compared to the 2021 peak of 0.0977, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 379 ISK

2021 Average 398 ISK

Yearly Trough Low 326 ISK

Transaction Impact: A difference of 53.07 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0743

0.0669

JanuMarcMayJulySeptNove

MMK 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 0.0713, compared to 0.0692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0713

H2 Avg (Jul–Dec) 0.0692

Volatility Range Comparison

Volatility

The most volatile month in 2022 was August, with a trading range of 0.0090 ISK (High: 0.0741 / Low: 0.0651). On the other end, December was the most stable month, with a tight range of 0.0013 ISK (High: 0.0684 / Low: 0.0671).

August Spread (Volatile) ±0.0090

December Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.0047 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 0.0733) against the same month in 2021 (average: 0.0903), the exchange rate shifted by -0.0170 (-18.86%).

2022 Avg (March) 0.0733

2021 Avg (March) 0.0903

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0736	0.0718	0.0726
February	0.0716	0.0698	0.0703
March	0.0757	0.0716	0.0733
April	0.0728	0.0689	0.0704
May	0.0727	0.0686	0.0707
June	0.0722	0.0689	0.0707
July	0.0749	0.0721	0.0737
August	0.0741	0.0651	0.0690
September	0.0692	0.0659	0.0675
October	0.0694	0.0673	0.0686
November	0.0709	0.0670	0.0687
December	0.0684	0.0671	0.0677