2023 RON to ISK Historical Review

YEARLY HIGH

32.0830 ISK

YEARLY LOW

28.7589 ISK

YEARLY AVERAGE

30.1504 ISK

2023 RON to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 32.0830. Conversely, the yearly low was recorded on August 31, dropping to 28.7589.

This high-to-low spread represents a total annual volatility of 3.3241 ISK. From a start-to-finish perspective, comparing the January average rate of 31.2857 to the December average rate of 30.2864, the exchange rate registered a net change of -3.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.0830 was up 3.11% compared to the 2022 peak of 31.1162, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160,415 ISK

2022 Average 144,315 ISK

Yearly Trough Low 143,794 ISK

Transaction Impact: A difference of 16,620.37 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.5052

28.8712

JanuMarcMayJulySeptNove

RON 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 30.6185, compared to 29.6823 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9362 points.

H1 Avg (Jan–Jun) 30.6185

H2 Avg (Jul–Dec) 29.6823

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.5287 ISK (High: 32.0830 / Low: 30.5543). On the other end, April was the most stable month, with a tight range of 0.3716 ISK (High: 30.4662 / Low: 30.0947).

January Spread (Volatile) ±1.5287

April Spread (Stable) ±0.3716

Growth Streaks & Declines

Trends

Between September and November, 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 February and March, when the average rate fell by 0.7821 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7821

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 31.2857) against the same month in 2022 (average: 29.5318), the exchange rate shifted by +1.7540 (+5.94%).

2023 Avg (January) 31.2857

2022 Avg (January) 29.5318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.0830	30.5543	31.2857
February	31.5489	30.8912	31.1898
March	30.7971	29.8849	30.4077
April	30.4662	30.0947	30.3071
May	30.6955	30.0579	30.3921
June	30.3966	29.8002	30.1284
July	30.1505	29.2536	29.6924
August	29.3242	28.7589	29.1001
September	29.2821	28.7611	29.0907
October	29.7110	29.1593	29.4790
November	30.9605	29.7209	30.4452
December	30.5512	30.1780	30.2864