2023 CNY to ISK Historical Review

YEARLY HIGH

21.2566 ISK

YEARLY LOW

17.8980 ISK

YEARLY AVERAGE

19.5178 ISK

2023 CNY to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 21.2566. Conversely, the yearly low was recorded on August 30, dropping to 17.8980.

This high-to-low spread represents a total annual volatility of 3.3585 ISK. From a start-to-finish perspective, comparing the January average rate of 21.0413 to the December average rate of 19.3653, the exchange rate registered a net change of -7.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.2566 was down 0.02% compared to the 2022 peak of 21.2600, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 531,414 ISK

2022 Average 502,572 ISK

Yearly Trough Low 447,451 ISK

Transaction Impact: A difference of 83,963.02 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.3244

17.9273

JanuMarcMayJulySeptNove

CNY 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 20.1918, compared to 18.8438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3479 points.

H1 Avg (Jan–Jun) 20.1918

H2 Avg (Jul–Dec) 18.8438

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.1708 ISK (High: 19.9116 / Low: 18.7409). On the other end, May was the most stable month, with a tight range of 0.3648 ISK (High: 19.9854 / Low: 19.6207).

June Spread (Volatile) ±1.1708

May Spread (Stable) ±0.3648

Growth Streaks & Declines

Trends

Between 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 0.8079 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.0413) against the same month in 2022 (average: 20.2955), the exchange rate shifted by +0.7458 (+3.67%).

2023 Avg (January) 21.0413

2022 Avg (January) 20.2955

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.2566	20.5298	21.0413
February	21.1273	20.6695	20.9057
March	20.6767	19.7645	20.2990
April	20.0684	19.5182	19.8202
May	19.9854	19.6207	19.8127
June	19.9116	18.7409	19.2716
July	19.0173	18.0919	18.4637
August	18.4663	17.8980	18.2104
September	18.8904	18.1674	18.5561
October	19.4690	18.7715	19.0528
November	19.7624	19.0356	19.4145
December	19.6447	18.9963	19.3653