2023 MWK to ISK Historical Review

YEARLY HIGH

0.1417 ISK

YEARLY LOW

0.0806 ISK

YEARLY AVERAGE

0.1246 ISK

2023 MWK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.1417. Conversely, the yearly low was recorded on December 27, dropping to 0.0806.

This high-to-low spread represents a total annual volatility of 0.0611 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1397 to the December average rate of 0.0818, the exchange rate registered a net change of -41.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1417 was down 15.29% compared to the 2022 peak of 0.1673, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 708 ISK

2022 Average 731 ISK

Yearly Trough Low 403 ISK

Transaction Impact: A difference of 305.37 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1454

0.0761

JanuMarcMayJulySeptNove

MWK 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: Jan–Jun) was 0.1364, compared to 0.1129 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0234 points.

H1 Avg (Jan–Jun) 0.1364

H2 Avg (Jul–Dec) 0.1129

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0476 ISK (High: 0.1290 / Low: 0.0814). On the other end, December was the most stable month, with a tight range of 0.0025 ISK (High: 0.0831 / Low: 0.0806).

November Spread (Volatile) ±0.0476

December Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0195 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1394) against the same month in 2022 (average: 0.1552), the exchange rate shifted by -0.0158 (-10.15%).

2023 Avg (February) 0.1394

2022 Avg (February) 0.1552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1413	0.1372	0.1397
February	0.1417	0.1357	0.1394
March	0.1397	0.1324	0.1363
April	0.1346	0.1314	0.1332
May	0.1374	0.1322	0.1350
June	0.1380	0.1296	0.1345
July	0.1302	0.1239	0.1262
August	0.1263	0.1206	0.1226
September	0.1278	0.1215	0.1248
October	0.1294	0.1187	0.1208
November	0.1290	0.0814	0.1013
December	0.0831	0.0806	0.0818