2020 MVR to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MVR to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MVR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 9.5295. Conversely, the yearly low was recorded on January 1, dropping to 7.8350.
This high-to-low spread represents a total annual volatility of 1.6945 ISK. From a start-to-finish perspective, comparing the January average rate of 7.9896 to the December average rate of 8.2646, the exchange rate registered a net change of 3.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 9.5295 was up 15.60% compared to the 2019 peak of 8.2435, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MVR to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.7208, compared to 8.8254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1045 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 1.0363 ISK (High: 9.2045 / Low: 8.1683). On the other end, August was the most stable month, with a tight range of 0.2212 ISK (High: 8.9753 / Low: 8.7541).
Growth Streaks & Declines
TrendsBetween January and April, 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 November and December, when the average rate fell by 0.6003 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2020: 9.3657) against the same month in 2019 (average: 7.8075), the exchange rate shifted by +1.5582 (+19.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.0723 | 7.8350 | 7.9896 |
| February | 8.3184 | 7.9563 | 8.1879 |
| March | 9.2045 | 8.1683 | 8.7262 |
| April | 9.5295 | 9.2286 | 9.3657 |
| May | 9.5058 | 8.7909 | 9.2654 |
| June | 9.0610 | 8.5036 | 8.7903 |
| July | 9.1494 | 8.7299 | 8.9817 |
| August | 8.9753 | 8.7541 | 8.8720 |
| September | 9.1208 | 8.7656 | 8.9446 |
| October | 9.1740 | 8.9422 | 9.0245 |
| November | 9.1697 | 8.6305 | 8.8649 |
| December | 8.4994 | 8.1060 | 8.2646 |