2024 CVE to ISK Historical Review

YEARLY HIGH

1.3911 ISK

YEARLY LOW

1.3031 ISK

YEARLY AVERAGE

1.3527 ISK

2024 CVE to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 1.3911. Conversely, the yearly low was recorded on November 27, dropping to 1.3031.

This high-to-low spread represents a total annual volatility of 0.0880 ISK. From a start-to-finish perspective, comparing the January average rate of 1.3537 to the December average rate of 1.3178, the exchange rate registered a net change of -2.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3911 was down 1.87% compared to the 2023 peak of 1.4176, 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 6,955 ISK

2023 Average 6,753 ISK

Yearly Trough Low 6,515 ISK

Transaction Impact: A difference of 440.01 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.3837

1.3118

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 1.3547, compared to 1.3507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 1.3547

H2 Avg (Jul–Dec) 1.3507

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0603 ISK (High: 1.3634 / Low: 1.3031). On the other end, June was the most stable month, with a tight range of 0.0178 ISK (High: 1.3642 / Low: 1.3464).

November Spread (Volatile) ±0.0603

June Spread (Stable) ±0.0178

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0270 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1.3777) against the same month in 2023 (average: 1.3103), the exchange rate shifted by +0.0674 (+5.14%).

2024 Avg (September) 1.3777

2023 Avg (September) 1.3103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3718	1.3350	1.3537
February	1.3573	1.3340	1.3467
March	1.3636	1.3332	1.3510
April	1.3902	1.3527	1.3654
May	1.3673	1.3452	1.3586
June	1.3642	1.3464	1.3525
July	1.3614	1.3436	1.3541
August	1.3886	1.3451	1.3732
September	1.3911	1.3611	1.3777
October	1.3618	1.3414	1.3508
November	1.3634	1.3031	1.3307
December	1.3308	1.3096	1.3178