2016 BGN to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 BGN to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the BGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 73.0995. Conversely, the yearly low was recorded on December 11, dropping to 60.1857.
This high-to-low spread represents a total annual volatility of 12.9139 ISK. From a start-to-finish perspective, comparing the January average rate of 72.1899 to the December average rate of 60.6693, the exchange rate registered a net change of -15.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 73.0995 was down 7.47% compared to the 2015 peak of 79.0018, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
BGN to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 71.8432, compared to 64.9043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.9389 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 2.3550 ISK (High: 63.2026 / Low: 60.8476). On the other end, March was the most stable month, with a tight range of 0.5011 ISK (High: 72.3733 / Low: 71.8722).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.4304 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 72.6684) against the same month in 2015 (average: 76.6455), the exchange rate shifted by -3.9771 (-5.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.5053 | 71.7151 | 72.1899 |
| February | 73.0995 | 71.8891 | 72.6684 |
| March | 72.3733 | 71.8722 | 72.0677 |
| April | 72.1545 | 71.6215 | 71.8391 |
| May | 71.6977 | 71.0565 | 71.4063 |
| June | 71.4612 | 69.8494 | 70.8876 |
| July | 69.8442 | 68.0744 | 69.0157 |
| August | 68.5300 | 66.4529 | 67.6335 |
| September | 66.3267 | 65.4637 | 65.7933 |
| October | 65.5001 | 63.2958 | 64.3722 |
| November | 63.2026 | 60.8476 | 61.9419 |
| December | 61.5187 | 60.1857 | 60.6693 |