YEARLY HIGH
0.9257 ISK
YEARLY LOW
0.7777 ISK
YEARLY AVERAGE
0.8363 ISK

2020 PKR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the PKR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.9257. Conversely, the yearly low was recorded on January 1, dropping to 0.7777.

This high-to-low spread represents a total annual volatility of 0.1480 ISK. From a start-to-finish perspective, comparing the January average rate of 0.7980 to the December average rate of 0.7947, the exchange rate registered a net change of -0.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9257 was up 5.99% compared to the 2019 peak of 0.8734, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 462,851 ISK
2019 Average 408,908 ISK
Yearly Trough Low 388,828 ISK
Transaction Impact: A difference of 74,022.93 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9041
0.7848
JanuMarcMayJulySeptNove

PKR 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 0.8433, compared to 0.8294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0140 points.

H1 Avg (Jan–Jun) 0.8433
H2 Avg (Jul–Dec) 0.8294

Volatility Range Comparison

Volatility

The most volatile month in 2020 was May, with a trading range of 0.0916 ISK (High: 0.9257 / Low: 0.8341). On the other end, January was the most stable month, with a tight range of 0.0293 ISK (High: 0.8070 / Low: 0.7777).

May Spread (Volatile) ±0.0916
January Spread (Stable) ±0.0293

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0746 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0746

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.8941) against the same month in 2019 (average: 0.8449), the exchange rate shifted by +0.0492 (+5.83%).

2020 Avg (May) 0.8941
2019 Avg (May) 0.8449

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8070 0.7777 0.7980
February 0.8324 0.7964 0.8195
March 0.8915 0.8119 0.8510
April 0.9202 0.8515 0.8777
May 0.9257 0.8341 0.8941
June 0.8325 0.8027 0.8195
July 0.8481 0.8043 0.8274
August 0.8308 0.7999 0.8132
September 0.8447 0.8125 0.8300
October 0.8796 0.8366 0.8539
November 0.8807 0.8336 0.8570
December 0.8202 0.7825 0.7947