YEARLY HIGH
0.0108 CAD
YEARLY LOW
0.0094 CAD
YEARLY AVERAGE
0.0099 CAD

2020 ISK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ISK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.0108. Conversely, the yearly low was recorded on September 9, dropping to 0.0094.

This high-to-low spread represents a total annual volatility of 0.0014 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0106 to the December average rate of 0.0101, the exchange rate registered a net change of -5.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0108 was down 8.05% compared to the 2019 peak of 0.0117, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ISK based on timing:

Yearly Peak High 54 CAD
2019 Average 54 CAD
Yearly Trough Low 47 CAD
Transaction Impact: A difference of 7.00 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0107
0.0094
JanuMarcMayJulySeptNove

ISK to CAD 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 0.0102, compared to 0.0097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0102
H2 Avg (Jul–Dec) 0.0097

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0008 CAD (High: 0.0107 / Low: 0.0099). On the other end, October was the most stable month, with a tight range of 0.0002 CAD (High: 0.0096 / Low: 0.0094).

March Spread (Volatile) ±0.0008
October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.0006 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.0105) against the same month in 2019 (average: 0.0110), the exchange rate shifted by -0.0005 (-4.69%).

2020 Avg (February) 0.0105
2019 Avg (February) 0.0110

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0108 0.0105 0.0106
February 0.0108 0.0104 0.0105
March 0.0107 0.0099 0.0103
April 0.0099 0.0095 0.0097
May 0.0101 0.0095 0.0098
June 0.0103 0.0098 0.0100
July 0.0100 0.0096 0.0098
August 0.0099 0.0095 0.0097
September 0.0098 0.0094 0.0096
October 0.0096 0.0094 0.0095
November 0.0098 0.0094 0.0096
December 0.0102 0.0099 0.0101