YEARLY HIGH
0.7762 CVE
YEARLY LOW
0.7047 CVE
YEARLY AVERAGE
0.7371 CVE

2021 ISK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ISK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 0.7762. Conversely, the yearly low was recorded on January 16, dropping to 0.7047.

This high-to-low spread represents a total annual volatility of 0.0715 CVE. From a start-to-finish perspective, comparing the January average rate of 0.7077 to the December average rate of 0.7533, the exchange rate registered a net change of 6.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.7762 was down 58.15% compared to the 2020 peak of 1.8546, 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 3,881 CVE
2020 Average 3,611 CVE
Yearly Trough Low 3,523 CVE
Transaction Impact: A difference of 357.40 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.7581
0.7031
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 0.7303, compared to 0.7439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.7303
H2 Avg (Jul–Dec) 0.7439

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0347 CVE (High: 0.7762 / Low: 0.7415). On the other end, December was the most stable month, with a tight range of 0.0085 CVE (High: 0.7582 / Low: 0.7498).

June Spread (Volatile) ±0.0347
December Spread (Stable) ±0.0085

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0107 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.7535) against the same month in 2020 (average: 0.7251), the exchange rate shifted by +0.0285 (+3.93%).

2021 Avg (June) 0.7535
2020 Avg (June) 0.7251

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7139 0.7047 0.7077
February 0.7245 0.7079 0.7138
March 0.7450 0.7205 0.7312
April 0.7473 0.7269 0.7357
May 0.7548 0.7307 0.7400
June 0.7762 0.7415 0.7535
July 0.7582 0.7449 0.7533
August 0.7542 0.7361 0.7435
September 0.7396 0.7262 0.7327
October 0.7442 0.7326 0.7388
November 0.7579 0.7262 0.7417
December 0.7582 0.7498 0.7533