YEARLY HIGH
93.3977 ISK
YEARLY LOW
77.5963 ISK
YEARLY AVERAGE
87.5240 ISK

2016 BND to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BND to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 93.3977. Conversely, the yearly low was recorded on December 6, dropping to 77.5963.

This high-to-low spread represents a total annual volatility of 15.8014 ISK. From a start-to-finish perspective, comparing the January average rate of 90.7864 to the December average rate of 78.4026, the exchange rate registered a net change of -13.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 93.3977 was down 8.19% compared to the 2015 peak of 101.7326, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 466,989 ISK
2015 Average 480,018 ISK
Yearly Trough Low 387,982 ISK
Transaction Impact: A difference of 79,006.84 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

93.6873
77.0131
JanuMarcMayJulySeptNove

BND 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 91.2225, compared to 83.8255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.3970 points.

H1 Avg (Jan–Jun) 91.2225
H2 Avg (Jul–Dec) 83.8255

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 4.0763 ISK (High: 89.6176 / Low: 85.5413). On the other end, May was the most stable month, with a tight range of 1.5903 ISK (High: 91.2690 / Low: 89.6787).

August Spread (Volatile) ±4.0763
May Spread (Stable) ±1.5903

Growth Streaks & Declines

Trends

Between January and March, 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 August and September, when the average rate fell by 3.1343 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -3.1343

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 92.2978) against the same month in 2015 (average: 99.4301), the exchange rate shifted by -7.1323 (-7.17%).

2016 Avg (March) 92.2978
2015 Avg (March) 99.4301

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 91.6612 89.6870 90.7864
February 92.1143 90.4738 91.1508
March 93.3977 91.6052 92.2978
April 92.8408 91.1044 91.8011
May 91.2690 89.6787 90.2818
June 92.5661 89.7030 91.0172
July 91.3194 88.7535 90.3287
August 89.6176 85.5413 87.6175
September 85.5253 83.7319 84.4832
October 83.9756 81.2197 82.5327
November 80.6784 78.5689 79.5885
December 79.2207 77.5963 78.4026