2024 CAD to ISK Historical Review

YEARLY HIGH

103.3779 ISK

YEARLY LOW

96.1337 ISK

YEARLY AVERAGE

100.7014 ISK

2024 CAD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 103.3779. Conversely, the yearly low was recorded on December 28, dropping to 96.1337.

This high-to-low spread represents a total annual volatility of 7.2442 ISK. From a start-to-finish perspective, comparing the January average rate of 102.0343 to the December average rate of 97.2485, the exchange rate registered a net change of -4.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 103.3779 was down 3.97% compared to the 2023 peak of 107.6503, 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 516,889 ISK

2023 Average 510,622 ISK

Yearly Trough Low 480,669 ISK

Transaction Impact: A difference of 36,220.82 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

103.0556

96.7205

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 101.7861, compared to 99.6166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1696 points.

H1 Avg (Jan–Jun) 101.7861

H2 Avg (Jul–Dec) 99.6166

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 3.2129 ISK (High: 102.5755 / Low: 99.3626). On the other end, April was the most stable month, with a tight range of 1.1735 ISK (High: 103.1298 / Low: 101.9562).

August Spread (Volatile) ±3.2129

April Spread (Stable) ±1.1735

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.6270 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.6270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 102.0343) against the same month in 2023 (average: 106.4826), the exchange rate shifted by -4.4483 (-4.18%).

2024 Avg (January) 102.0343

2023 Avg (January) 106.4826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	103.3779	100.4957	102.0343
February	102.6574	101.4521	102.0671
March	103.0386	100.3082	101.3267
April	103.1298	101.9562	102.5277
May	102.4933	100.3294	101.5548
June	101.9144	100.4200	101.2062
July	101.4215	99.7001	100.4113
August	102.5755	99.3626	100.8031
September	102.6180	99.9095	101.0646
October	100.3965	98.1839	99.4376
November	100.2355	97.2420	98.7344
December	98.7862	96.1337	97.2485