YEARLY HIGH
2.5385 ISK
YEARLY LOW
2.3427 ISK
YEARLY AVERAGE
2.4651 ISK

2021 GMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 2.5385. Conversely, the yearly low was recorded on June 2, dropping to 2.3427.

This high-to-low spread represents a total annual volatility of 0.1958 ISK. From a start-to-finish perspective, comparing the January average rate of 2.4882 to the December average rate of 2.4768, the exchange rate registered a net change of -0.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.5385 was down 12.05% compared to the 2020 peak of 2.8863, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,692 ISK
2020 Average 13,147 ISK
Yearly Trough Low 11,714 ISK
Transaction Impact: A difference of 978.87 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.5134
2.3757
JanuMarcMayJulySeptNove

GMD 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 2.4536, compared to 2.4765 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0228 points.

H1 Avg (Jan–Jun) 2.4536
H2 Avg (Jul–Dec) 2.4765

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.1039 ISK (High: 2.4593 / Low: 2.3554). On the other end, December was the most stable month, with a tight range of 0.0410 ISK (High: 2.4912 / Low: 2.4502).

May Spread (Volatile) ±0.1039
December Spread (Stable) ±0.0410

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0542 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 2.5019) against the same month in 2020 (average: 2.6378), the exchange rate shifted by -0.1359 (-5.15%).

2021 Avg (November) 2.5019
2020 Avg (November) 2.6378

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.5192 2.4472 2.4882
February 2.5273 2.4601 2.4947
March 2.5042 2.4429 2.4818
April 2.4955 2.3939 2.4621
May 2.4593 2.3554 2.4079
June 2.4201 2.3427 2.3872
July 2.4678 2.4106 2.4312
August 2.5031 2.4172 2.4665
September 2.5351 2.4565 2.4917
October 2.5212 2.4660 2.4907
November 2.5385 2.4727 2.5019
December 2.4912 2.4502 2.4768