YEARLY HIGH
106.7827 ISK
YEARLY LOW
92.8903 ISK
YEARLY AVERAGE
100.8906 ISK

2020 CAD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 9, valuing the pair at 106.7827. Conversely, the yearly low was recorded on February 2, dropping to 92.8903.

This high-to-low spread represents a total annual volatility of 13.8924 ISK. From a start-to-finish perspective, comparing the January average rate of 94.4111 to the December average rate of 99.4525, the exchange rate registered a net change of 5.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 106.7827 was up 10.56% compared to the 2019 peak of 96.5826, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 533,914 ISK
2019 Average 461,954 ISK
Yearly Trough Low 464,452 ISK
Transaction Impact: A difference of 69,462.15 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

106.3406
93.3266
JanuMarcMayJulySeptNove

CAD 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 98.6095, compared to 103.1718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5623 points.

H1 Avg (Jan–Jun) 98.6095
H2 Avg (Jul–Dec) 103.1718

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 7.5352 ISK (High: 100.6851 / Low: 93.1499). On the other end, January was the most stable month, with a tight range of 2.1697 ISK (High: 95.0944 / Low: 92.9247).

March Spread (Volatile) ±7.5352
January Spread (Stable) ±2.1697

Growth Streaks & Declines

Trends

Between June and October, 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 4.9579 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -4.9579

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2020: 104.2598) against the same month in 2019 (average: 94.2928), the exchange rate shifted by +9.9670 (+10.57%).

2020 Avg (September) 104.2598
2019 Avg (September) 94.2928

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 95.0944 92.9247 94.4111
February 96.6176 92.8903 95.2490
March 100.6851 93.1499 96.6654
April 105.5444 100.7132 102.7516
May 104.9962 98.5697 102.4570
June 102.3249 97.2956 100.1229
July 103.7486 100.2183 102.4018
August 105.4385 101.2767 103.2500
September 106.7827 102.4420 104.2598
October 106.2223 103.9341 105.2561
November 106.3758 102.3050 104.4104
December 101.1945 97.9807 99.4525