YEARLY HIGH
0.0465 ISK
YEARLY LOW
0.0420 ISK
YEARLY AVERAGE
0.0445 ISK

2021 MNT to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MNT to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 0.0465. Conversely, the yearly low was recorded on June 2, dropping to 0.0420.

This high-to-low spread represents a total annual volatility of 0.0044 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0450 to the December average rate of 0.0455, the exchange rate registered a net change of 1.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0465 was down 12.14% compared to the 2020 peak of 0.0529, 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 232 ISK
2020 Average 241 ISK
Yearly Trough Low 210 ISK
Transaction Impact: A difference of 22.21 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0460
0.0426
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: JanтАУJun) was 0.0442, compared to 0.0449 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0008 points.

H1 Avg (JanтАУJun) 0.0442
H2 Avg (JulтАУDec) 0.0449

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0019 ISK (High: 0.0442 / Low: 0.0423). On the other end, December was the most stable month, with a tight range of 0.0005 ISK (High: 0.0458 / Low: 0.0452).

May Spread (Volatile) ┬▒0.0019
December Spread (Stable) ┬▒0.0005

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0009 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.0458) against the same month in 2020 (average: 0.0480), the exchange rate shifted by -0.0022 (-4.61%).

2021 Avg (November) 0.0458
2020 Avg (November) 0.0480

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Month High Low Average
January 0.0455 0.0444 0.0450
February 0.0457 0.0442 0.0450
March 0.0451 0.0440 0.0447
April 0.0447 0.0430 0.0441
May 0.0442 0.0423 0.0432
June 0.0435 0.0420 0.0429
July 0.0443 0.0432 0.0436
August 0.0448 0.0434 0.0442
September 0.0459 0.0444 0.0451
October 0.0457 0.0450 0.0453
November 0.0465 0.0453 0.0458
December 0.0458 0.0452 0.0455