YEARLY HIGH
0.0592 ISK
YEARLY LOW
0.0494 ISK
YEARLY AVERAGE
0.0538 ISK

2022 SYP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the SYP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.0592. Conversely, the yearly low was recorded on February 9, dropping to 0.0494.

This high-to-low spread represents a total annual volatility of 0.0097 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0513 to the December average rate of 0.0566, the exchange rate registered a net change of 10.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0592 was down 76.71% compared to the 2021 peak of 0.2540, 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 296 ISK
2021 Average 638 ISK
Yearly Trough Low 247 ISK
Transaction Impact: A difference of 48.66 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0581
0.0490
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 0.0515, compared to 0.0562 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.0515
H2 Avg (Jul–Dec) 0.0562

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0031 ISK (High: 0.0592 / Low: 0.0560). On the other end, December was the most stable month, with a tight range of 0.0010 ISK (High: 0.0572 / Low: 0.0562).

November Spread (Volatile) ±0.0031
December Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0016 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.0573) against the same month in 2021 (average: 0.0832), the exchange rate shifted by -0.0258 (-31.06%).

2022 Avg (November) 0.0573
2021 Avg (November) 0.0832

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0521 0.0508 0.0513
February 0.0507 0.0494 0.0498
March 0.0535 0.0506 0.0519
April 0.0522 0.0510 0.0515
May 0.0536 0.0505 0.0521
June 0.0531 0.0508 0.0522
July 0.0552 0.0531 0.0543
August 0.0564 0.0538 0.0552
September 0.0579 0.0551 0.0564
October 0.0578 0.0565 0.0573
November 0.0592 0.0560 0.0573
December 0.0572 0.0562 0.0566