YEARLY HIGH
0.0529 ISK
YEARLY LOW
0.0439 ISK
YEARLY AVERAGE
0.0482 ISK

2020 MNT to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MNT to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.0529. Conversely, the yearly low was recorded on December 6, dropping to 0.0439.

This high-to-low spread represents a total annual volatility of 0.0090 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0457 to the December average rate of 0.0446, the exchange rate registered a net change of -2.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0529 was up 2.71% compared to the 2019 peak of 0.0515, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 264 ISK
2019 Average 238 ISK
Yearly Trough Low 220 ISK
Transaction Impact: A difference of 44.97 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0526
0.0439
JanuMarcMayJulySeptNove

MNT 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 0.0487, compared to 0.0477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0487
H2 Avg (Jul–Dec) 0.0477

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0054 ISK (High: 0.0513 / Low: 0.0460). On the other end, August was the most stable month, with a tight range of 0.0011 ISK (High: 0.0485 / Low: 0.0474).

March Spread (Volatile) ±0.0054
August Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.0033 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.0513) against the same month in 2019 (average: 0.0500), the exchange rate shifted by +0.0013 (+2.67%).

2020 Avg (May) 0.0513
2019 Avg (May) 0.0500

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0461 0.0448 0.0457
February 0.0467 0.0454 0.0461
March 0.0513 0.0460 0.0488
April 0.0528 0.0511 0.0519
May 0.0529 0.0484 0.0513
June 0.0495 0.0469 0.0482
July 0.0498 0.0472 0.0488
August 0.0485 0.0474 0.0480
September 0.0494 0.0473 0.0482
October 0.0496 0.0482 0.0488
November 0.0495 0.0466 0.0480
December 0.0459 0.0439 0.0446