2024 ISK to CAD Historical Review

YEARLY HIGH

0.0104 CAD

YEARLY LOW

0.0097 CAD

YEARLY AVERAGE

0.0099 CAD

2024 ISK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0104. Conversely, the yearly low was recorded on January 2, dropping to 0.0097.

This high-to-low spread represents a total annual volatility of 0.0007 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0098 to the December average rate of 0.0103, the exchange rate registered a net change of 4.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0104 was up 0.20% compared to the 2023 peak of 0.0104, 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

2023 Average 49 CAD

Yearly Trough Low 48 CAD

Transaction Impact: A difference of 3.64 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0103

0.0097

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 0.0098, compared to 0.0100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0098

H2 Avg (Jul–Dec) 0.0100

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0003 CAD (High: 0.0101 / Low: 0.0097). On the other end, April was the most stable month, with a tight range of 0.0001 CAD (High: 0.0098 / Low: 0.0097).

August Spread (Volatile) ±0.0003

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0103) against the same month in 2023 (average: 0.0097), the exchange rate shifted by +0.0006 (+5.70%).

2024 Avg (December) 0.0103

2023 Avg (December) 0.0097

Monthly Breakdown

Statistical summary for each calendar month.

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