YEARLY HIGH
1.4191 ISK
YEARLY LOW
1.2884 ISK
YEARLY AVERAGE
1.3572 ISK

2021 CVE to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 15, valuing the pair at 1.4191. Conversely, the yearly low was recorded on June 28, dropping to 1.2884.

This high-to-low spread represents a total annual volatility of 0.1307 ISK. From a start-to-finish perspective, comparing the January average rate of 1.4131 to the December average rate of 1.3275, the exchange rate registered a net change of -6.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.4191 was down 5.51% compared to the 2020 peak of 1.5018, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,095 ISK
2020 Average 6,966 ISK
Yearly Trough Low 6,442 ISK
Transaction Impact: A difference of 653.42 ISK purely based on transaction execution date.

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1.4217
1.3186
JanuMarcMayJulySeptNove

CVE 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 1.3700, compared to 1.3445 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0255 points.

H1 Avg (Jan–Jun) 1.3700
H2 Avg (Jul–Dec) 1.3445

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0603 ISK (High: 1.3486 / Low: 1.2884). On the other end, December was the most stable month, with a tight range of 0.0149 ISK (High: 1.3337 / Low: 1.3188).

June Spread (Volatile) Âą0.0603
December Spread (Stable) Âą0.0149

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 February and March, when the average rate fell by 0.0333 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0333

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 1.4131) against the same month in 2020 (average: 1.2390), the exchange rate shifted by +0.1741 (+14.05%).

2021 Avg (January) 1.4131
2020 Avg (January) 1.2390

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Month High Low Average
January 1.4191 1.4007 1.4131
February 1.4126 1.3802 1.4010
March 1.3879 1.3422 1.3677
April 1.3757 1.3381 1.3593
May 1.3685 1.3249 1.3516
June 1.3486 1.2884 1.3271
July 1.3424 1.3189 1.3275
August 1.3585 1.3259 1.3451
September 1.3770 1.3521 1.3648
October 1.3651 1.3438 1.3535
November 1.3770 1.3195 1.3485
December 1.3337 1.3188 1.3275