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2010 PHP to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2010
During 2010, the PHP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 2.9222. Conversely, the yearly low was recorded on November 22, dropping to 2.5327.
This high-to-low spread represents a total annual volatility of 0.3895 ISK. From a start-to-finish perspective, comparing the January average rate of 2.7325 to the December average rate of 2.6360, the exchange rate registered a net change of -3.53% (reflecting a weakening trend).
Comparing the value generated converting 250,000 PHP based on timing:
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PHP 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: JanâJun) was 2.7942, compared to 2.6211 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.1730 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2010 was May, with a trading range of 0.1772 ISK (High: 2.9222 / Low: 2.7450). On the other end, February was the most stable month, with a tight range of 0.0560 ISK (High: 2.7953 / Low: 2.7393).
Growth Streaks & Declines
TrendsBetween January and April, 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 June and July, when the average rate fell by 0.1032 points.
Same-Month Historical Baseline
YoY BaselineHistorical data for the previous year (2009) is currently unavailable. Strongest month average for May 2010 is 2.8382.
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| Month | High | Low | Average |
|---|---|---|---|
| January | 2.7668 | 2.6991 | 2.7325 |
| February | 2.7953 | 2.7393 | 2.7758 |
| March | 2.8477 | 2.7478 | 2.7932 |
| April | 2.9055 | 2.8188 | 2.8596 |
| May | 2.9222 | 2.7450 | 2.8382 |
| June | 2.8036 | 2.7378 | 2.7658 |
| July | 2.7413 | 2.6273 | 2.6627 |
| August | 2.6752 | 2.6035 | 2.6429 |
| September | 2.6835 | 2.5786 | 2.6382 |
| October | 2.5984 | 2.5387 | 2.5717 |
| November | 2.6597 | 2.5327 | 2.5754 |
| December | 2.6676 | 2.6088 | 2.6360 |