2024 ISK to CVE Historical Review

YEARLY HIGH

0.7674 CVE

YEARLY LOW

0.7189 CVE

YEARLY AVERAGE

0.7394 CVE

2024 ISK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 0.7674. Conversely, the yearly low was recorded on September 4, dropping to 0.7189.

This high-to-low spread represents a total annual volatility of 0.0485 CVE. From a start-to-finish perspective, comparing the January average rate of 0.7388 to the December average rate of 0.7588, the exchange rate registered a net change of 2.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7674 was down 1.65% compared to the 2023 peak of 0.7803, 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 3,837 CVE

2023 Average 3,704 CVE

Yearly Trough Low 3,594 CVE

Transaction Impact: A difference of 242.74 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7621

0.7226

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 0.7382, compared to 0.7406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.7382

H2 Avg (Jul–Dec) 0.7406

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0340 CVE (High: 0.7674 / Low: 0.7335). On the other end, June was the most stable month, with a tight range of 0.0097 CVE (High: 0.7427 / Low: 0.7330).

November Spread (Volatile) ±0.0340

June Spread (Stable) ±0.0097

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0102 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.7516) against the same month in 2023 (average: 0.7310), the exchange rate shifted by +0.0206 (+2.81%).

2024 Avg (November) 0.7516

2023 Avg (November) 0.7310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7491	0.7290	0.7388
February	0.7496	0.7368	0.7425
March	0.7500	0.7334	0.7402
April	0.7392	0.7193	0.7324
May	0.7434	0.7314	0.7360
June	0.7427	0.7330	0.7394
July	0.7443	0.7345	0.7385
August	0.7434	0.7201	0.7283
September	0.7347	0.7189	0.7259
October	0.7455	0.7343	0.7403
November	0.7674	0.7335	0.7516
December	0.7636	0.7514	0.7588