2023 TOP to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 62.1943. Conversely, the yearly low was recorded on August 30, dropping to 54.6880.
This high-to-low spread represents a total annual volatility of 7.5063 ISK. From a start-to-finish perspective, comparing the January average rate of 61.3426 to the December average rate of 58.6615, the exchange rate registered a net change of -4.37% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 62.1943 was up 0.91% compared to the 2022 peak of 61.6344, 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 2023.
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 59.5063, compared to 57.2831 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.2232 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.7626 ISK (High: 60.4483 / Low: 57.6857). On the other end, December was the most stable month, with a tight range of 1.1894 ISK (High: 59.2203 / Low: 58.0309).
Growth Streaks & Declines
TrendsBetween 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 1.9507 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 61.3426) against the same month in 2022 (average: 56.6829), the exchange rate shifted by +4.6597 (+8.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 62.1943 | 60.4875 | 61.3426 |
| February | 61.9023 | 60.1918 | 61.2158 |
| March | 60.4483 | 57.6857 | 59.3214 |
| April | 58.7154 | 57.0722 | 58.0020 |
| May | 59.8586 | 57.5467 | 58.6956 |
| June | 59.5475 | 57.2326 | 58.4605 |
| July | 58.1251 | 55.6217 | 56.5098 |
| August | 56.0962 | 54.6880 | 55.4335 |
| September | 57.6675 | 55.3343 | 56.5954 |
| October | 58.5840 | 57.2517 | 57.8137 |
| November | 59.9636 | 57.8375 | 58.6846 |
| December | 59.2203 | 58.0309 | 58.6615 |