YEARLY HIGH
0.0843 ISK
YEARLY LOW
0.0657 ISK
YEARLY AVERAGE
0.0749 ISK

2016 BIF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BIF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.0843. Conversely, the yearly low was recorded on December 7, dropping to 0.0657.

This high-to-low spread represents a total annual volatility of 0.0187 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0832 to the December average rate of 0.0672, the exchange rate registered a net change of -19.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0843 was down 5.39% compared to the 2015 peak of 0.0892, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 422 ISK
2015 Average 421 ISK
Yearly Trough Low 328 ISK
Transaction Impact: A difference of 93.37 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0848
0.0655
JanuMarcMayJulySeptNove

BIF 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 0.0804, compared to 0.0694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0110 points.

H1 Avg (Jan–Jun) 0.0804
H2 Avg (Jul–Dec) 0.0694

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0075 ISK (High: 0.0802 / Low: 0.0726). On the other end, October was the most stable month, with a tight range of 0.0009 ISK (High: 0.0688 / Low: 0.0678).

June Spread (Volatile) ±0.0075
October Spread (Stable) ±0.0009

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 June and July, when the average rate fell by 0.0033 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0832) against the same month in 2015 (average: 0.0839), the exchange rate shifted by -0.0007 (-0.79%).

2016 Avg (January) 0.0832
2015 Avg (January) 0.0839

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0843 0.0826 0.0832
February 0.0830 0.0812 0.0821
March 0.0828 0.0791 0.0811
April 0.0808 0.0787 0.0798
May 0.0806 0.0779 0.0793
June 0.0802 0.0726 0.0769
July 0.0742 0.0720 0.0736
August 0.0726 0.0696 0.0710
September 0.0699 0.0685 0.0690
October 0.0688 0.0678 0.0685
November 0.0678 0.0662 0.0671
December 0.0687 0.0657 0.0672