YEARLY HIGH
0.0700 ISK
YEARLY LOW
0.0567 ISK
YEARLY AVERAGE
0.0620 ISK

2017 BIF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BIF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0700. Conversely, the yearly low was recorded on June 4, dropping to 0.0567.

This high-to-low spread represents a total annual volatility of 0.0134 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0680 to the December average rate of 0.0596, the exchange rate registered a net change of -12.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0700 was down 16.97% compared to the 2016 peak of 0.0843, 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 350 ISK
2016 Average 374 ISK
Yearly Trough Low 283 ISK
Transaction Impact: A difference of 66.84 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0690
0.0576
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 0.0637, compared to 0.0602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.0637
H2 Avg (Jul–Dec) 0.0602

Volatility Range Comparison

Volatility

The most volatile month in 2017 was May, with a trading range of 0.0052 ISK (High: 0.0627 / Low: 0.0575). On the other end, October was the most stable month, with a tight range of 0.0010 ISK (High: 0.0608 / Low: 0.0598).

May Spread (Volatile) ±0.0052
October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0047 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0680) against the same month in 2016 (average: 0.0832), the exchange rate shifted by -0.0152 (-18.27%).

2017 Avg (January) 0.0680
2016 Avg (January) 0.0832

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0700 0.0663 0.0680
February 0.0680 0.0631 0.0658
March 0.0669 0.0623 0.0644
April 0.0672 0.0623 0.0650
May 0.0627 0.0575 0.0604
June 0.0610 0.0567 0.0585
July 0.0626 0.0590 0.0604
August 0.0631 0.0597 0.0609
September 0.0620 0.0599 0.0609
October 0.0608 0.0598 0.0601
November 0.0606 0.0584 0.0593
December 0.0604 0.0588 0.0596