2023 SYP to ISK Historical Review

YEARLY HIGH

0.0577 ISK

YEARLY LOW

0.0519 ISK

YEARLY AVERAGE

0.0549 ISK

2023 SYP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 0.0577. Conversely, the yearly low was recorded on August 30, dropping to 0.0519.

This high-to-low spread represents a total annual volatility of 0.0058 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0569 to the December average rate of 0.0549, the exchange rate registered a net change of -3.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0577 was down 2.53% compared to the 2022 peak of 0.0592, 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 288 ISK

2022 Average 269 ISK

Yearly Trough Low 259 ISK

Transaction Impact: A difference of 28.84 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0574

0.0520

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 0.0556, compared to 0.0541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0556

H2 Avg (Jul–Dec) 0.0541

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0027 ISK (High: 0.0572 / Low: 0.0545). On the other end, August was the most stable month, with a tight range of 0.0009 ISK (High: 0.0527 / Low: 0.0519).

November Spread (Volatile) ±0.0027

August Spread (Stable) ±0.0009

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 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0569) against the same month in 2022 (average: 0.0498), the exchange rate shifted by +0.0072 (+14.38%).

2023 Avg (February) 0.0569

2022 Avg (February) 0.0498

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0576	0.0561	0.0569
February	0.0577	0.0555	0.0569
March	0.0567	0.0541	0.0557
April	0.0549	0.0537	0.0543
May	0.0561	0.0540	0.0551
June	0.0561	0.0536	0.0549
July	0.0546	0.0519	0.0528
August	0.0527	0.0519	0.0525
September	0.0549	0.0525	0.0539
October	0.0557	0.0546	0.0552
November	0.0572	0.0545	0.0557
December	0.0557	0.0540	0.0549