2023 SAR to ISK Historical Review

YEARLY HIGH

38.6232 ISK

YEARLY LOW

34.7559 ISK

YEARLY AVERAGE

36.7597 ISK

2023 SAR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 38.6232. Conversely, the yearly low was recorded on August 30, dropping to 34.7559.

This high-to-low spread represents a total annual volatility of 3.8672 ISK. From a start-to-finish perspective, comparing the January average rate of 38.0430 to the December average rate of 36.7503, the exchange rate registered a net change of -3.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.6232 was down 2.31% compared to the 2022 peak of 39.5376, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 193,116 ISK

2022 Average 180,157 ISK

Yearly Trough Low 173,780 ISK

Transaction Impact: A difference of 19,336.16 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.4370

34.8458

JanuMarcMayJulySeptNove

SAR 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 37.2516, compared to 36.2678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9838 points.

H1 Avg (Jan–Jun) 37.2516

H2 Avg (Jul–Dec) 36.2678

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8278 ISK (High: 38.3413 / Low: 36.5136). On the other end, August was the most stable month, with a tight range of 0.5768 ISK (High: 35.3328 / Low: 34.7559).

November Spread (Volatile) ±1.8278

August Spread (Stable) ±0.5768

Growth Streaks & Declines

Trends

Between August and November, 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 June and July, when the average rate fell by 1.3794 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3794

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 38.1377) against the same month in 2022 (average: 33.3337), the exchange rate shifted by +4.8040 (+14.41%).

2023 Avg (February) 38.1377

2022 Avg (February) 33.3337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.5151	37.5382	38.0430
February	38.6232	37.1470	38.1377
March	37.9851	36.1855	37.2634
April	36.7296	35.9681	36.3878
May	37.5629	36.1619	36.9195
June	37.6096	35.8663	36.7581
July	36.5855	34.7893	35.3787
August	35.3328	34.7559	35.1451
September	36.7718	35.1845	36.0814
October	37.3225	36.5417	36.9513
November	38.3413	36.5136	37.3000
December	37.3229	36.1776	36.7503