2023 PEN to ISK Historical Review

YEARLY HIGH

38.2881 ISK

YEARLY LOW

35.3236 ISK

YEARLY AVERAGE

36.8718 ISK

2023 PEN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 38.2881. Conversely, the yearly low was recorded on August 30, dropping to 35.3236.

This high-to-low spread represents a total annual volatility of 2.9645 ISK. From a start-to-finish perspective, comparing the January average rate of 37.3794 to the December average rate of 36.8959, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.2881 was up 0.96% compared to the 2022 peak of 37.9250, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 191,441 ISK

2022 Average 176,445 ISK

Yearly Trough Low 176,618 ISK

Transaction Impact: A difference of 14,822.72 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.0196

35.5034

JanuMarcMayJulySeptNove

PEN 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 37.2394, compared to 36.5042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7352 points.

H1 Avg (Jan–Jun) 37.2394

H2 Avg (Jul–Dec) 36.5042

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.8339 ISK (High: 38.0791 / Low: 36.2452). On the other end, August was the most stable month, with a tight range of 1.0272 ISK (High: 36.3508 / Low: 35.3236).

February Spread (Volatile) ±1.8339

August Spread (Stable) ±1.0272

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.1619 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1619

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 37.8099) against the same month in 2022 (average: 34.9898), the exchange rate shifted by +2.8201 (+8.06%).

2023 Avg (June) 37.8099

2022 Avg (June) 34.9898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.0572	36.6975	37.3794
February	38.0791	36.2452	37.2841
March	37.7767	36.1735	37.0426
April	36.9356	35.7511	36.3313
May	38.2306	36.5435	37.5892
June	38.2881	37.0444	37.8099
July	37.8354	36.4187	36.8750
August	36.3508	35.3236	35.7131
September	36.8715	35.7168	36.3393
October	36.8938	35.5522	36.1047
November	37.9329	36.3914	37.0973
December	37.3769	36.1952	36.8959