2024 CNY to ISK Historical Review

YEARLY HIGH

19.8882 ISK

YEARLY LOW

18.7921 ISK

YEARLY AVERAGE

19.2228 ISK

2024 CNY to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 19.8882. Conversely, the yearly low was recorded on March 13, dropping to 18.7921.

This high-to-low spread represents a total annual volatility of 1.0961 ISK. From a start-to-finish perspective, comparing the January average rate of 19.2540 to the December average rate of 19.0462, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.8882 was down 6.44% compared to the 2023 peak of 21.2566, 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 497,205 ISK

2023 Average 487,728 ISK

Yearly Trough Low 469,802 ISK

Transaction Impact: A difference of 27,402.34 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.4475

18.9350

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 19.2597, compared to 19.1859 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0738 points.

H1 Avg (Jan–Jun) 19.2597

H2 Avg (Jul–Dec) 19.1859

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.7745 ISK (High: 19.7531 / Low: 18.9786). On the other end, October was the most stable month, with a tight range of 0.2488 ISK (High: 19.4154 / Low: 19.1666).

May Spread (Volatile) ±0.7745

October Spread (Stable) ±0.2488

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 June and July, when the average rate fell by 0.2449 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2449

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 19.4048) against the same month in 2023 (average: 19.8202), the exchange rate shifted by -0.4154 (-2.10%).

2024 Avg (April) 19.4048

2023 Avg (April) 19.8202

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.4020	18.9777	19.2540
February	19.4269	19.0971	19.2433
March	19.2846	18.7921	19.0647
April	19.8882	19.1365	19.4048
May	19.7531	18.9786	19.3688
June	19.6152	18.9263	19.2226
July	19.1839	18.8213	18.9777
August	19.5119	19.1284	19.2773
September	19.5161	19.2044	19.3548
October	19.4154	19.1666	19.2997
November	19.3253	18.8436	19.1596
December	19.1921	18.9250	19.0462