YEARLY HIGH
94.4368 ISK
YEARLY LOW
85.7020 ISK
YEARLY AVERAGE
89.8168 ISK

2021 NZD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NZD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 94.4368. Conversely, the yearly low was recorded on June 19, dropping to 85.7020.

This high-to-low spread represents a total annual volatility of 8.7348 ISK. From a start-to-finish perspective, comparing the January average rate of 92.3634 to the December average rate of 88.2763, the exchange rate registered a net change of -4.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 94.4368 was down 0.57% compared to the 2020 peak of 94.9798, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 472,184 ISK
2020 Average 439,747 ISK
Yearly Trough Low 428,510 ISK
Transaction Impact: A difference of 43,674.11 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

93.5749
86.0222
JanuMarcMayJulySeptNove

NZD 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 90.2531, compared to 89.3806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8725 points.

H1 Avg (Jan–Jun) 90.2531
H2 Avg (Jul–Dec) 89.3806

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 4.9411 ISK (High: 92.5523 / Low: 87.6112). On the other end, June was the most stable month, with a tight range of 1.6172 ISK (High: 87.3191 / Low: 85.7020).

March Spread (Volatile) ±4.9411
June Spread (Stable) ±1.6172

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 November and December, when the average rate fell by 3.2881 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -3.2881

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 92.9455) against the same month in 2020 (average: 80.8544), the exchange rate shifted by +12.0910 (+14.95%).

2021 Avg (February) 92.9455
2020 Avg (February) 80.8544

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 93.4326 90.5115 92.3634
February 94.4368 92.0973 92.9455
March 92.5523 87.6112 90.8058
April 90.9249 88.6598 89.6735
May 90.9256 87.6934 89.0786
June 87.3191 85.7020 86.6515
July 88.1367 85.8099 86.8990
August 88.8509 86.2730 88.0028
September 91.1179 89.2505 90.4459
October 93.0683 88.9526 91.0949
November 93.1847 88.4174 91.5645
December 89.0349 87.2593 88.2763