YEARLY HIGH
0.2552 ISK
YEARLY LOW
0.2168 ISK
YEARLY AVERAGE
0.2314 ISK

2023 SDG to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SDG to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 0.2552. Conversely, the yearly low was recorded on August 30, dropping to 0.2168.

This high-to-low spread represents a total annual volatility of 0.0384 ISK. From a start-to-finish perspective, comparing the January average rate of 0.2477 to the December average rate of 0.2294, the exchange rate registered a net change of -7.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2552 was down 16.03% compared to the 2022 peak of 0.3039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,276 ISK
2022 Average 1,368 ISK
Yearly Trough Low 1,084 ISK
Transaction Impact: A difference of 192.22 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2506
0.2164
JanuMarcMayJulySeptNove

SDG 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 0.2363, compared to 0.2265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0098 points.

H1 Avg (Jan–Jun) 0.2363
H2 Avg (Jul–Dec) 0.2265

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0271 ISK (High: 0.2552 / Low: 0.2281). On the other end, August was the most stable month, with a tight range of 0.0037 ISK (High: 0.2205 / Low: 0.2168).

November Spread (Volatile) ±0.0271
August Spread (Stable) ±0.0037

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 0.0090 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2337) against the same month in 2022 (average: 0.2532), the exchange rate shifted by -0.0194 (-7.67%).

2023 Avg (November) 0.2337
2022 Avg (November) 0.2532

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2524 0.2419 0.2477
February 0.2474 0.2389 0.2443
March 0.2452 0.2287 0.2373
April 0.2379 0.2249 0.2283
May 0.2346 0.2262 0.2307
June 0.2347 0.2237 0.2293
July 0.2281 0.2170 0.2208
August 0.2205 0.2168 0.2192
September 0.2295 0.2193 0.2251
October 0.2333 0.2279 0.2306
November 0.2552 0.2281 0.2337
December 0.2329 0.2257 0.2294