2023 ISK to CAD Historical Review

YEARLY HIGH

0.0104 CAD

YEARLY LOW

0.0093 CAD

YEARLY AVERAGE

0.0098 CAD

2023 ISK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0104. Conversely, the yearly low was recorded on February 20, dropping to 0.0093.

This high-to-low spread represents a total annual volatility of 0.0011 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0094 to the December average rate of 0.0097, the exchange rate registered a net change of 3.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0104 was up 1.23% compared to the 2022 peak of 0.0103, 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 52 CAD

2022 Average 48 CAD

Yearly Trough Low 46 CAD

Transaction Impact: A difference of 5.46 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0103

0.0093

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 0.0097, compared to 0.0099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0097

H2 Avg (Jul–Dec) 0.0099

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0005 CAD (High: 0.0103 / Low: 0.0098). On the other end, December was the most stable month, with a tight range of 0.0001 CAD (High: 0.0098 / Low: 0.0097).

September Spread (Volatile) ±0.0005

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0102) against the same month in 2022 (average: 0.0093), the exchange rate shifted by +0.0009 (+9.69%).

2023 Avg (August) 0.0102

2022 Avg (August) 0.0093

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0096	0.0093	0.0094
February	0.0096	0.0093	0.0094
March	0.0100	0.0095	0.0098
April	0.0101	0.0098	0.0099
May	0.0101	0.0096	0.0098
June	0.0098	0.0095	0.0096
July	0.0101	0.0096	0.0100
August	0.0104	0.0101	0.0102
September	0.0103	0.0098	0.0100
October	0.0100	0.0098	0.0099
November	0.0099	0.0096	0.0098
December	0.0098	0.0097	0.0097