YEARLY HIGH
40.4669 ISK
YEARLY LOW
33.2464 ISK
YEARLY AVERAGE
37.1701 ISK

2020 QAR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the QAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 40.4669. Conversely, the yearly low was recorded on January 1, dropping to 33.2464.

This high-to-low spread represents a total annual volatility of 7.2205 ISK. From a start-to-finish perspective, comparing the January average rate of 33.9137 to the December average rate of 34.9788, the exchange rate registered a net change of 3.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 40.4669 was up 16.06% compared to the 2019 peak of 34.8674, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 202,335 ISK
2019 Average 168,321 ISK
Yearly Trough Low 166,232 ISK
Transaction Impact: A difference of 36,102.74 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

40.2383
33.3387
JanuMarcMayJulySeptNove

QAR 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 36.9991, compared to 37.3411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3420 points.

H1 Avg (Jan–Jun) 36.9991
H2 Avg (Jul–Dec) 37.3411

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 4.1440 ISK (High: 38.9369 / Low: 34.7930). On the other end, October was the most stable month, with a tight range of 0.9566 ISK (High: 38.8025 / Low: 37.8459).

March Spread (Volatile) ±4.1440
October Spread (Stable) ±0.9566

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 November and December, when the average rate fell by 2.5265 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -2.5265

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 39.3691) against the same month in 2019 (average: 33.7278), the exchange rate shifted by +5.6413 (+16.73%).

2020 Avg (May) 39.3691
2019 Avg (May) 33.7278

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 34.2461 33.2464 33.9137
February 35.2650 33.7833 34.7480
March 38.9369 34.7930 37.0193
April 40.4395 39.0332 39.6634
May 40.4669 37.2592 39.3691
June 38.3467 36.0835 37.2810
July 38.6982 36.9239 37.9984
August 37.9799 36.9879 37.5329
September 38.5797 37.0750 37.8465
October 38.8025 37.8459 38.1845
November 38.8093 36.5062 37.5053
December 35.9489 34.3322 34.9788