2023 CVE to ISK Historical Review

YEARLY HIGH

1.4176 ISK

YEARLY LOW

1.2816 ISK

YEARLY AVERAGE

1.3508 ISK

2023 CVE to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 1.4176. Conversely, the yearly low was recorded on August 29, dropping to 1.2816.

This high-to-low spread represents a total annual volatility of 0.1360 ISK. From a start-to-finish perspective, comparing the January average rate of 1.3944 to the December average rate of 1.3626, the exchange rate registered a net change of -2.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.4176 was up 2.64% compared to the 2022 peak of 1.3812, 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 7,088 ISK

2022 Average 6,437 ISK

Yearly Trough Low 6,408 ISK

Transaction Impact: A difference of 680.15 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4035

1.2948

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 1.3681, compared to 1.3335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0346 points.

H1 Avg (Jan–Jun) 1.3681

H2 Avg (Jul–Dec) 1.3335

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0742 ISK (High: 1.3982 / Low: 1.3241). On the other end, April was the most stable month, with a tight range of 0.0241 ISK (High: 1.3712 / Low: 1.3471).

November Spread (Volatile) ±0.0742

April Spread (Stable) ±0.0241

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 February and March, when the average rate fell by 0.0307 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0307

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.3944) against the same month in 2022 (average: 1.3203), the exchange rate shifted by +0.0741 (+5.61%).

2023 Avg (January) 1.3944

2022 Avg (January) 1.3203

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4176	1.3710	1.3944
February	1.4095	1.3715	1.3882
March	1.3738	1.3391	1.3575
April	1.3712	1.3471	1.3555
May	1.3788	1.3477	1.3620
June	1.3707	1.3152	1.3511
July	1.3553	1.3108	1.3292
August	1.3180	1.2816	1.3039
September	1.3303	1.2969	1.3103
October	1.3390	1.3041	1.3266
November	1.3982	1.3241	1.3682
December	1.3733	1.3244	1.3626