2021 PKR to ISK Historical Review

YEARLY HIGH

0.8359 ISK

YEARLY LOW

0.7259 ISK

YEARLY AVERAGE

0.7808 ISK

2021 PKR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PKR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 0.8359. Conversely, the yearly low was recorded on December 19, dropping to 0.7259.

This high-to-low spread represents a total annual volatility of 0.1101 ISK. From a start-to-finish perspective, comparing the January average rate of 0.8005 to the December average rate of 0.7328, the exchange rate registered a net change of -8.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.8359 was down 9.70% compared to the 2020 peak of 0.9257, 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 417,966 ISK

2020 Average 418,164 ISK

Yearly Trough Low 362,938 ISK

Transaction Impact: A difference of 55,027.47 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.8311

0.7238

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 0.8047, compared to 0.7568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0478 points.

H1 Avg (Jan–Jun) 0.8047

H2 Avg (Jul–Dec) 0.7568

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0480 ISK (High: 0.8240 / Low: 0.7760). On the other end, June was the most stable month, with a tight range of 0.0147 ISK (High: 0.7878 / Low: 0.7731).

May Spread (Volatile) ±0.0480

June Spread (Stable) ±0.0147

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 0.0239 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0239

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.8222) against the same month in 2020 (average: 0.8777), the exchange rate shifted by -0.0555 (-6.32%).

2021 Avg (April) 0.8222

2020 Avg (April) 0.8777

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8092	0.7887	0.8005
February	0.8127	0.7960	0.8048
March	0.8306	0.7975	0.8155
April	0.8359	0.7968	0.8222
May	0.8240	0.7760	0.8044
June	0.7878	0.7731	0.7806
July	0.7899	0.7608	0.7772
August	0.7786	0.7533	0.7658
September	0.7713	0.7472	0.7606
October	0.7600	0.7386	0.7509
November	0.7668	0.7351	0.7538
December	0.7419	0.7259	0.7328