YEARLY HIGH
1.8546 CVE
YEARLY LOW
0.6659 CVE
YEARLY AVERAGE
0.7223 CVE

2020 ISK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ISK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.8546. Conversely, the yearly low was recorded on September 9, dropping to 0.6659.

This high-to-low spread represents a total annual volatility of 1.1888 CVE. From a start-to-finish perspective, comparing the January average rate of 0.8071 to the December average rate of 0.7138, the exchange rate registered a net change of -11.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.8546 was up 121.25% compared to the 2019 peak of 0.8383, 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 9,273 CVE
2019 Average 4,031 CVE
Yearly Trough Low 3,329 CVE
Transaction Impact: A difference of 5,943.82 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.8202
0.6638
JanuMarcMayJulySeptNove

ISK to CVE 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 0.7547, compared to 0.6900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0647 points.

H1 Avg (Jan–Jun) 0.7547
H2 Avg (Jul–Dec) 0.6900

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.1446 CVE (High: 1.8546 / Low: 0.7101). On the other end, January was the most stable month, with a tight range of 0.0139 CVE (High: 0.8150 / Low: 0.8010).

March Spread (Volatile) ±1.1446
January Spread (Stable) ±0.0139

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 0.0761 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0761

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.7815) against the same month in 2019 (average: 0.8162), the exchange rate shifted by -0.0347 (-4.25%).

2020 Avg (March) 0.7815
2019 Avg (March) 0.8162

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8150 0.8010 0.8071
February 0.8144 0.7932 0.8018
March 1.8546 0.7101 0.7815
April 0.7194 0.6944 0.7053
May 0.7346 0.6938 0.7074
June 0.7459 0.7045 0.7251
July 0.7450 0.6880 0.7001
August 0.6993 0.6699 0.6831
September 0.6915 0.6659 0.6812
October 0.6843 0.6682 0.6768
November 0.6990 0.6698 0.6850
December 0.7282 0.7025 0.7138