2023 MMK to ISK Historical Review

YEARLY HIGH

0.0691 ISK

YEARLY LOW

0.0620 ISK

YEARLY AVERAGE

0.0657 ISK

2023 MMK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.0691. Conversely, the yearly low was recorded on August 30, dropping to 0.0620.

This high-to-low spread represents a total annual volatility of 0.0070 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0680 to the December average rate of 0.0656, the exchange rate registered a net change of -3.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0691 was down 8.79% compared to the 2022 peak of 0.0757, 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 345 ISK

2022 Average 351 ISK

Yearly Trough Low 310 ISK

Transaction Impact: A difference of 35.07 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0687

0.0622

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 0.0666, compared to 0.0648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0666

H2 Avg (Jul–Dec) 0.0648

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0032 ISK (High: 0.0653 / Low: 0.0621). On the other end, October was the most stable month, with a tight range of 0.0011 ISK (High: 0.0666 / Low: 0.0655).

July Spread (Volatile) ±0.0032

October Spread (Stable) ±0.0011

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 June and July, when the average rate fell by 0.0024 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0681) against the same month in 2022 (average: 0.0703), the exchange rate shifted by -0.0022 (-3.16%).

2023 Avg (February) 0.0681

2022 Avg (February) 0.0703

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0689	0.0671	0.0680
February	0.0691	0.0664	0.0681
March	0.0679	0.0647	0.0667
April	0.0658	0.0643	0.0651
May	0.0671	0.0646	0.0660
June	0.0672	0.0641	0.0657
July	0.0653	0.0621	0.0633
August	0.0632	0.0620	0.0628
September	0.0656	0.0628	0.0645
October	0.0666	0.0655	0.0660
November	0.0684	0.0653	0.0667
December	0.0666	0.0643	0.0656