YEARLY HIGH
32.1268 ISK
YEARLY LOW
29.0497 ISK
YEARLY AVERAGE
30.6551 ISK

2021 MYR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MYR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 15, valuing the pair at 32.1268. Conversely, the yearly low was recorded on June 2, dropping to 29.0497.

This high-to-low spread represents a total annual volatility of 3.0771 ISK. From a start-to-finish perspective, comparing the January average rate of 31.8285 to the December average rate of 30.8878, the exchange rate registered a net change of -2.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 32.1268 was down 5.95% compared to the 2020 peak of 34.1592, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 642,537 ISK
2020 Average 644,155 ISK
Yearly Trough Low 580,994 ISK
Transaction Impact: A difference of 61,542.91 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

32.0579
29.3052
JanuMarcMayJulySeptNove

MYR 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 30.7417, compared to 30.5685 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.1732 points.

H1 Avg (JanтАУJun) 30.7417
H2 Avg (JulтАУDec) 30.5685

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 1.4880 ISK (High: 30.5930 / Low: 29.1050). On the other end, July was the most stable month, with a tight range of 0.6303 ISK (High: 29.8663 / Low: 29.2360).

May Spread (Volatile) ┬▒1.4880
July Spread (Stable) ┬▒0.6303

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 February and March, when the average rate fell by 0.7210 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.7210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 31.8285) against the same month in 2020 (average: 30.2786), the exchange rate shifted by +1.5499 (+5.12%).

2021 Avg (January) 31.8285
2020 Avg (January) 30.2786

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Month High Low Average
January 32.1268 31.3317 31.8285
February 32.1005 31.2118 31.6939
March 31.5342 30.3990 30.9729
April 30.8541 29.8477 30.5380
May 30.5930 29.1050 29.8821
June 29.8478 29.0497 29.5346
July 29.8663 29.2360 29.5972
August 30.5461 29.2639 29.8978
September 31.1860 30.4642 30.7608
October 31.3330 30.6900 31.0084
November 31.8987 30.6369 31.2589
December 31.2338 30.5844 30.8878