2023 SCR to ISK Historical Review

YEARLY HIGH

11.1123 ISK

YEARLY LOW

9.2796 ISK

YEARLY AVERAGE

10.2657 ISK

2023 SCR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 11.1123. Conversely, the yearly low was recorded on July 21, dropping to 9.2796.

This high-to-low spread represents a total annual volatility of 1.8326 ISK. From a start-to-finish perspective, comparing the January average rate of 10.5575 to the December average rate of 10.2650, the exchange rate registered a net change of -2.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.1123 was down 3.91% compared to the 2022 peak of 11.5643, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 55,561 ISK

2022 Average 49,998 ISK

Yearly Trough Low 46,398 ISK

Transaction Impact: A difference of 9,163.20 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6353

9.7882

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 10.3256, compared to 10.2058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1198 points.

H1 Avg (Jan–Jun) 10.3256

H2 Avg (Jul–Dec) 10.2058

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.2227 ISK (High: 10.5023 / Low: 9.2796). On the other end, August was the most stable month, with a tight range of 0.2966 ISK (High: 9.9691 / Low: 9.6725).

July Spread (Volatile) ±1.2227

August Spread (Stable) ±0.2966

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 March and April, when the average rate fell by 0.2936 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2936

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 10.5647) against the same month in 2022 (average: 9.1439), the exchange rate shifted by +1.4208 (+15.54%).

2023 Avg (February) 10.5647

2022 Avg (February) 9.1439

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.0117	10.0842	10.5575
February	11.1123	9.8959	10.5647
March	10.8383	9.8594	10.4000
April	10.5477	9.6613	10.1064
May	10.6425	9.7779	10.2607
June	10.6682	9.5822	10.0642
July	10.5023	9.2796	9.9335
August	9.9691	9.6725	9.8588
September	10.6525	9.9642	10.3007
October	10.9571	9.9727	10.4034
November	10.8500	9.9775	10.4735
December	10.7937	9.7539	10.2650