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2014 TRY to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the TRY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 55.9389. Conversely, the yearly low was recorded on January 26, dropping to 49.3367.
This high-to-low spread represents a total annual volatility of 6.6022 ISK. From a start-to-finish perspective, comparing the January average rate of 52.1895 to the December average rate of 54.5942, the exchange rate registered a net change of 4.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 55.9389 was down 23.48% compared to the 2013 peak of 73.1047, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY 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 52.5362, compared to 54.1346 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 1.5984 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was January, with a trading range of 4.5360 ISK (High: 53.8727 / Low: 49.3367). On the other end, August was the most stable month, with a tight range of 0.8143 ISK (High: 54.0989 / Low: 53.2846).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.7545 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2014: 55.3487) against the same month in 2013 (average: 60.0458), the exchange rate shifted by -4.6971 (-7.82%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 53.8727 | 49.3367 | 52.1895 |
| February | 52.4230 | 50.7371 | 51.7212 |
| March | 52.5505 | 50.1723 | 50.9815 |
| April | 53.6193 | 52.1665 | 52.8225 |
| May | 54.7568 | 53.1166 | 53.8484 |
| June | 54.6406 | 53.0969 | 53.6540 |
| July | 55.0847 | 52.9337 | 53.8895 |
| August | 54.0989 | 53.2846 | 53.6981 |
| September | 54.5935 | 52.8887 | 53.7294 |
| October | 55.2872 | 52.8396 | 53.5477 |
| November | 55.9389 | 54.7858 | 55.3487 |
| December | 55.7340 | 52.4795 | 54.5942 |