YEARLY HIGH
31.7983 MGA
YEARLY LOW
28.8831 MGA
YEARLY AVERAGE
30.3445 MGA

2021 ISK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 31.7983. Conversely, the yearly low was recorded on February 16, dropping to 28.8831.

This high-to-low spread represents a total annual volatility of 2.9152 MGA. From a start-to-finish perspective, comparing the January average rate of 29.6248 to the December average rate of 30.4955, the exchange rate registered a net change of 2.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 31.7983 was up 3.11% compared to the 2020 peak of 30.8396, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,992 MGA
2020 Average 141,006 MGA
Yearly Trough Low 144,416 MGA
Transaction Impact: A difference of 14,576.01 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

31.1285
29.1667
JanuMarcMayJulySeptNove

ISK to MGA 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: JanтАУJun) was 30.0272, compared to 30.6618 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.6345 points.

H1 Avg (JanтАУJun) 30.0272
H2 Avg (JulтАУDec) 30.6618

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 1.7730 MGA (High: 30.7597 / Low: 28.9867). On the other end, October was the most stable month, with a tight range of 0.6942 MGA (High: 31.0049 / Low: 30.3107).

January Spread (Volatile) ┬▒1.7730
October Spread (Stable) ┬▒0.6942

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.2946 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.2946

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 30.9650) against the same month in 2020 (average: 28.1938), the exchange rate shifted by +2.7712 (+9.83%).

2021 Avg (June) 30.9650
2020 Avg (June) 28.1938

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Month High Low Average
January 30.7597 28.9867 29.6248
February 29.7806 28.8831 29.3302
March 30.2049 29.1672 29.6419
April 31.0227 29.7764 30.0945
May 31.1094 30.0052 30.5069
June 31.7983 30.3795 30.9650
July 31.6297 30.1680 30.8729
August 31.1843 30.1338 30.8404
September 31.0513 30.2215 30.6633
October 31.0049 30.3107 30.6467
November 30.7648 29.9923 30.4516
December 30.7732 30.0533 30.4955