2020 NAD to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NAD to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 8.9655. Conversely, the yearly low was recorded on April 7, dropping to 7.5623.
This high-to-low spread represents a total annual volatility of 1.4031 ISK. From a start-to-finish perspective, comparing the January average rate of 8.6016 to the December average rate of 8.5656, the exchange rate registered a net change of -0.42% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 8.9655 was down 1.58% compared to the 2019 peak of 9.1099, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NAD 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 8.1269, compared to 8.3449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2180 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was October, with a trading range of 1.0590 ISK (High: 8.6912 / Low: 7.6322). On the other end, June was the most stable month, with a tight range of 0.3264 ISK (High: 8.0913 / Low: 7.7649).
Growth Streaks & Declines
TrendsBetween April and July, 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 July and August, when the average rate fell by 0.3792 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 8.7842) against the same month in 2019 (average: 8.3493), the exchange rate shifted by +0.4349 (+5.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.7573 | 8.3227 | 8.6016 |
| February | 8.5772 | 8.2266 | 8.4500 |
| March | 8.4442 | 7.8446 | 8.1090 |
| April | 8.0778 | 7.5623 | 7.7851 |
| May | 8.0746 | 7.7214 | 7.8861 |
| June | 8.0913 | 7.7649 | 7.9296 |
| July | 8.4410 | 8.0604 | 8.2620 |
| August | 8.2035 | 7.6954 | 7.8828 |
| September | 8.3953 | 7.9429 | 8.2033 |
| October | 8.6912 | 7.6322 | 8.3715 |
| November | 8.9655 | 8.6215 | 8.7842 |
| December | 8.7879 | 8.2556 | 8.5656 |