YEARLY HIGH
0.2871 ISK
YEARLY LOW
0.2350 ISK
YEARLY AVERAGE
0.2637 ISK

2020 SYP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the SYP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.2871. Conversely, the yearly low was recorded on January 1, dropping to 0.2350.

This high-to-low spread represents a total annual volatility of 0.0521 ISK. From a start-to-finish perspective, comparing the January average rate of 0.2398 to the December average rate of 0.2484, the exchange rate registered a net change of 3.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.2871 was up 16.47% compared to the 2019 peak of 0.2465, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,436 ISK
2019 Average 1,190 ISK
Yearly Trough Low 1,175 ISK
Transaction Impact: A difference of 260.51 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2854
0.2356
JanuMarcMayJulySeptNove

SYP 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 0.2620, compared to 0.2654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.2620
H2 Avg (Jul–Dec) 0.2654

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0297 ISK (High: 0.2755 / Low: 0.2458). On the other end, October was the most stable month, with a tight range of 0.0065 ISK (High: 0.2757 / Low: 0.2691).

March Spread (Volatile) ±0.0297
October Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.0179 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.2793) against the same month in 2019 (average: 0.2384), the exchange rate shifted by +0.0409 (+17.14%).

2020 Avg (May) 0.2793
2019 Avg (May) 0.2384

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2421 0.2350 0.2398
February 0.2493 0.2388 0.2457
March 0.2755 0.2458 0.2618
April 0.2870 0.2770 0.2813
May 0.2871 0.2644 0.2793
June 0.2721 0.2561 0.2645
July 0.2746 0.2626 0.2698
August 0.2705 0.2635 0.2671
September 0.2747 0.2641 0.2694
October 0.2757 0.2691 0.2714
November 0.2756 0.2591 0.2663
December 0.2552 0.2441 0.2484