YEARLY HIGH
9.0840 ISK
YEARLY LOW
8.0333 ISK
YEARLY AVERAGE
8.6023 ISK

2021 SZL to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SZL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 9.0840. Conversely, the yearly low was recorded on December 15, dropping to 8.0333.

This high-to-low spread represents a total annual volatility of 1.0507 ISK. From a start-to-finish perspective, comparing the January average rate of 8.5168 to the December average rate of 8.1954, the exchange rate registered a net change of -3.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.0840 was up 1.32% compared to the 2020 peak of 8.9655, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 45,420 ISK
2020 Average 41,234 ISK
Yearly Trough Low 40,167 ISK
Transaction Impact: A difference of 5,253.32 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.8771
8.1334
JanuMarcMayJulySeptNove

SZL 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 8.6656, compared to 8.5389 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.1267 points.

H1 Avg (JanтАУJun) 8.6656
H2 Avg (JulтАУDec) 8.5389

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.6739 ISK (High: 8.7307 / Low: 8.0567). On the other end, May was the most stable month, with a tight range of 0.2761 ISK (High: 8.9013 / Low: 8.6253).

November Spread (Volatile) ┬▒0.6739
May Spread (Stable) ┬▒0.2761

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.2490 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2490

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 8.8151) against the same month in 2020 (average: 8.2314), the exchange rate shifted by +0.5837 (+7.09%).

2021 Avg (September) 8.8151
2020 Avg (September) 8.2314

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Month High Low Average
January 8.7359 8.3040 8.5168
February 8.8816 8.4585 8.6851
March 8.6733 8.2540 8.4969
April 8.8753 8.5511 8.7195
May 8.9013 8.6253 8.7636
June 8.9752 8.5771 8.8117
July 8.7546 8.4246 8.5850
August 8.6899 8.3548 8.5204
September 9.0840 8.5218 8.8151
October 8.9151 8.4845 8.6833
November 8.7307 8.0567 8.4343
December 8.3738 8.0333 8.1954