YEARLY HIGH
73.0995 ISK
YEARLY LOW
60.1857 ISK
YEARLY AVERAGE
68.3738 ISK

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.

Transfer Payout Power Comparison

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

Yearly Peak High 365,498 ISK
2015 Average 374,082 ISK
Yearly Trough Low 300,928 ISK
Transaction Impact: A difference of 64,569.29 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

73.8683
59.4694
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 71.8432
H2 Avg (Jul–Dec) 64.9043

Volatility Range Comparison

Volatility

The 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).

November Spread (Volatile) ±2.3550
March Spread (Stable) ±0.5011

Growth Streaks & Declines

Trends

No 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.

Longest Streak 1 Mo.
Sharpest MoM Drop -2.4304

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2016 Avg (February) 72.6684
2015 Avg (February) 76.6455

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