YEARLY HIGH
0.1690 ISK
YEARLY LOW
0.1506 ISK
YEARLY AVERAGE
0.1589 ISK

2021 MWK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MWK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.1690. Conversely, the yearly low was recorded on June 2, dropping to 0.1506.

This high-to-low spread represents a total annual volatility of 0.0184 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1663 to the December average rate of 0.1596, the exchange rate registered a net change of -4.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1690 was down 15.57% compared to the 2020 peak of 0.2002, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 845 ISK
2020 Average 910 ISK
Yearly Trough Low 753 ISK
Transaction Impact: A difference of 91.99 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1676
0.1514
JanuMarcMayJulySeptNove

MWK 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 0.1604, compared to 0.1575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.1604
H2 Avg (Jul–Dec) 0.1575

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0084 ISK (High: 0.1628 / Low: 0.1544). On the other end, October was the most stable month, with a tight range of 0.0025 ISK (High: 0.1594 / Low: 0.1569).

April Spread (Volatile) ±0.0084
October Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0045 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.1649) against the same month in 2020 (average: 0.1723), the exchange rate shifted by -0.0074 (-4.28%).

2021 Avg (February) 0.1649
2020 Avg (February) 0.1723

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1681 0.1635 0.1663
February 0.1690 0.1614 0.1649
March 0.1649 0.1595 0.1627
April 0.1628 0.1544 0.1600
May 0.1590 0.1513 0.1555
June 0.1554 0.1506 0.1527
July 0.1564 0.1523 0.1540
August 0.1578 0.1522 0.1553
September 0.1601 0.1555 0.1576
October 0.1594 0.1569 0.1582
November 0.1628 0.1586 0.1602
December 0.1610 0.1584 0.1596