2020 TOP to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 63.6481. Conversely, the yearly low was recorded on January 1, dropping to 52.9697.
This high-to-low spread represents a total annual volatility of 10.6784 ISK. From a start-to-finish perspective, comparing the January average rate of 53.7626 to the December average rate of 55.7752, the exchange rate registered a net change of 3.74% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 63.6481 was up 14.32% compared to the 2019 peak of 55.6762, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
TOP to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 58.2443, compared to 59.3565 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1122 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 5.8699 ISK (High: 60.5095 / Low: 54.6396). On the other end, January was the most stable month, with a tight range of 1.2189 ISK (High: 54.1886 / Low: 52.9697).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 3.5671 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2020: 62.1127) against the same month in 2019 (average: 53.6052), the exchange rate shifted by +8.5076 (+15.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 54.1886 | 52.9697 | 53.7626 |
| February | 55.3381 | 53.0985 | 54.6186 |
| March | 60.5095 | 54.6396 | 57.3658 |
| April | 63.5274 | 60.5589 | 61.8319 |
| May | 63.6481 | 59.2760 | 62.1127 |
| June | 61.2880 | 58.1398 | 59.7740 |
| July | 61.7630 | 59.1197 | 60.6817 |
| August | 60.6950 | 59.1731 | 59.9357 |
| September | 61.7743 | 59.2109 | 60.3211 |
| October | 60.8042 | 59.5689 | 60.0828 |
| November | 60.7435 | 58.0529 | 59.3423 |
| December | 57.2030 | 54.8584 | 55.7752 |