YEARLY HIGH
105.7515 ISK
YEARLY LOW
97.3024 ISK
YEARLY AVERAGE
101.2868 ISK

2021 CAD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 105.7515. Conversely, the yearly low was recorded on July 19, dropping to 97.3024.

This high-to-low spread represents a total annual volatility of 8.4491 ISK. From a start-to-finish perspective, comparing the January average rate of 101.0022 to the December average rate of 101.6383, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 105.7515 was down 0.97% compared to the 2020 peak of 106.7827, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CAD based on timing:

Yearly Peak High 528,758 ISK
2020 Average 504,498 ISK
Yearly Trough Low 486,512 ISK
Transaction Impact: A difference of 42,245.49 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

104.3421
98.9535
JanuMarcMayJulySeptNove

CAD to ISK 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 100.9165, compared to 101.6571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7406 points.

H1 Avg (Jan–Jun) 100.9165
H2 Avg (Jul–Dec) 101.6571

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 4.3255 ISK (High: 105.7515 / Low: 101.4260). On the other end, June was the most stable month, with a tight range of 1.2637 ISK (High: 100.4084 / Low: 99.1447).

November Spread (Volatile) ±4.3255
June Spread (Stable) ±1.2637

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.2547 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -2.2547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 103.8930) against the same month in 2020 (average: 104.4104), the exchange rate shifted by -0.5174 (-0.50%).

2021 Avg (November) 103.8930
2020 Avg (November) 104.4104

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 102.5277 99.6749 101.0022
February 101.8994 99.8476 101.0321
March 103.1241 99.5471 101.2769
April 101.9452 99.5245 100.7198
May 102.8889 99.8062 101.6666
June 100.4084 99.1447 99.8016
July 100.6638 97.3024 99.4026
August 101.0550 98.8140 100.1060
September 102.9270 100.3640 101.1445
October 104.7478 101.7462 103.7583
November 105.7515 101.4260 103.8930
December 103.2540 100.4907 101.6383