2023 MNT to ISK Historical Review

YEARLY HIGH

0.0425 ISK

YEARLY LOW

0.0371 ISK

YEARLY AVERAGE

0.0398 ISK

2023 MNT to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 0.0425. Conversely, the yearly low was recorded on July 18, dropping to 0.0371.

This high-to-low spread represents a total annual volatility of 0.0054 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0419 to the December average rate of 0.0400, the exchange rate registered a net change of -4.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0425 was down 9.12% compared to the 2022 peak of 0.0468, 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 213 ISK

2022 Average 217 ISK

Yearly Trough Low 185 ISK

Transaction Impact: A difference of 27.23 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0424

0.0374

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 0.0404, compared to 0.0393 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0404

H2 Avg (Jul–Dec) 0.0393

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0028 ISK (High: 0.0418 / Low: 0.0390). On the other end, August was the most stable month, with a tight range of 0.0006 ISK (High: 0.0384 / Low: 0.0378).

March Spread (Volatile) ±0.0028

August Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between July and November, 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 March and April, when the average rate fell by 0.0022 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0420) against the same month in 2022 (average: 0.0437), the exchange rate shifted by -0.0017 (-3.82%).

2023 Avg (February) 0.0420

2022 Avg (February) 0.0437

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0425	0.0414	0.0419
February	0.0425	0.0409	0.0420
March	0.0418	0.0390	0.0410
April	0.0392	0.0383	0.0388
May	0.0400	0.0385	0.0393
June	0.0401	0.0382	0.0392
July	0.0390	0.0371	0.0378
August	0.0384	0.0378	0.0382
September	0.0400	0.0382	0.0392
October	0.0406	0.0397	0.0402
November	0.0417	0.0397	0.0405
December	0.0406	0.0393	0.0400