2020 SCR to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SCR to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SCR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 10.8379. Conversely, the yearly low was recorded on December 6, dropping to 5.8970.
This high-to-low spread represents a total annual volatility of 4.9409 ISK. From a start-to-finish perspective, comparing the January average rate of 9.0386 to the December average rate of 6.0101, the exchange rate registered a net change of -33.51% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 10.8379 was up 9.60% compared to the 2019 peak of 9.8883, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
SCR to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.8371, compared to 7.2345 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6026 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was April, with a trading range of 2.1874 ISK (High: 10.4327 / Low: 8.2453). On the other end, September was the most stable month, with a tight range of 0.3052 ISK (High: 7.8256 / Low: 7.5204).
Growth Streaks & Declines
TrendsBetween January and March, 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 March and April, when the average rate fell by 0.9781 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 9.8648) against the same month in 2019 (average: 8.7544), the exchange rate shifted by +1.1104 (+12.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.5698 | 8.8016 | 9.0386 |
| February | 9.5379 | 9.0726 | 9.2592 |
| March | 10.8379 | 9.2564 | 9.8648 |
| April | 10.4327 | 8.2453 | 8.8867 |
| May | 9.0922 | 7.7239 | 8.2477 |
| June | 8.2040 | 7.4273 | 7.7254 |
| July | 8.0001 | 7.5266 | 7.8353 |
| August | 7.7424 | 7.3241 | 7.6519 |
| September | 7.8256 | 7.5204 | 7.6760 |
| October | 7.7092 | 7.2032 | 7.5234 |
| November | 7.3099 | 6.3926 | 6.7100 |
| December | 6.2899 | 5.8970 | 6.0101 |