2023 ISK to CVE Historical Review

YEARLY HIGH

0.7803 CVE

YEARLY LOW

0.7054 CVE

YEARLY AVERAGE

0.7407 CVE

2023 ISK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.7803. Conversely, the yearly low was recorded on January 25, dropping to 0.7054.

This high-to-low spread represents a total annual volatility of 0.0749 CVE. From a start-to-finish perspective, comparing the January average rate of 0.7172 to the December average rate of 0.7339, the exchange rate registered a net change of 2.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7803 was down 4.19% compared to the 2022 peak of 0.8144, 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 3,901 CVE

2022 Average 3,886 CVE

Yearly Trough Low 3,527 CVE

Transaction Impact: A difference of 374.35 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7720

0.7122

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 0.7311, compared to 0.7502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0191 points.

H1 Avg (Jan–Jun) 0.7311

H2 Avg (Jul–Dec) 0.7502

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0401 CVE (High: 0.7553 / Low: 0.7152). On the other end, April was the most stable month, with a tight range of 0.0131 CVE (High: 0.7423 / Low: 0.7293).

November Spread (Volatile) ±0.0401

April Spread (Stable) ±0.0131

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 October and November, when the average rate fell by 0.0228 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.7670) against the same month in 2022 (average: 0.7882), the exchange rate shifted by -0.0212 (-2.69%).

2023 Avg (August) 0.7670

2022 Avg (August) 0.7882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7294	0.7054	0.7172
February	0.7291	0.7095	0.7204
March	0.7468	0.7279	0.7367
April	0.7423	0.7293	0.7378
May	0.7420	0.7252	0.7342
June	0.7604	0.7296	0.7402
July	0.7629	0.7378	0.7524
August	0.7803	0.7587	0.7670
September	0.7710	0.7517	0.7632
October	0.7668	0.7468	0.7539
November	0.7553	0.7152	0.7310
December	0.7551	0.7282	0.7339