2023 SGD to ISK Historical Review

YEARLY HIGH

109.6494 ISK

YEARLY LOW

96.6064 ISK

YEARLY AVERAGE

102.7092 ISK

2023 SGD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 109.6494. Conversely, the yearly low was recorded on August 30, dropping to 96.6064.

This high-to-low spread represents a total annual volatility of 13.0430 ISK. From a start-to-finish perspective, comparing the January average rate of 107.8798 to the December average rate of 103.5373, the exchange rate registered a net change of -4.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 109.6494 was up 2.95% compared to the 2022 peak of 106.5045, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 548,247 ISK

2022 Average 490,582 ISK

Yearly Trough Low 483,032 ISK

Transaction Impact: A difference of 65,214.94 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

108.9096

96.5521

JanuMarcMayJulySeptNove

SGD 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 104.6244, compared to 100.7939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.8305 points.

H1 Avg (Jan–Jun) 104.6244

H2 Avg (Jul–Dec) 100.7939

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.9828 ISK (High: 104.4052 / Low: 100.4224). On the other end, October was the most stable month, with a tight range of 1.7010 ISK (High: 102.0095 / Low: 100.3085).

June Spread (Volatile) ±3.9828

October Spread (Stable) ±1.7010

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 3.0052 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 107.8798) against the same month in 2022 (average: 95.4959), the exchange rate shifted by +12.3839 (+12.97%).

2023 Avg (January) 107.8798

2022 Avg (January) 95.4959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	109.6494	105.7023	107.8798
February	108.4197	106.1530	107.3236
March	105.8425	102.2745	104.3416
April	103.3923	101.2266	102.4756
May	104.5660	101.9618	103.3297
June	104.4052	100.4224	102.3961
July	101.6835	98.6405	99.3909
August	98.5540	96.6064	97.5819
September	100.8638	97.4964	99.2567
October	102.0095	100.3085	101.2464
November	105.8277	102.0992	103.7502
December	104.6636	102.7498	103.5373