2017 BOB to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 BOB to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the BOB to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 16.9458. Conversely, the yearly low was recorded on June 5, dropping to 14.0770.
This high-to-low spread represents a total annual volatility of 2.8688 ISK. From a start-to-finish perspective, comparing the January average rate of 16.5135 to the December average rate of 15.1597, the exchange rate registered a net change of -8.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 16.9458 was down 10.57% compared to the 2016 peak of 18.9496, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
BOB 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: Jan–Jun) was 15.6065, compared to 15.1417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4648 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was April, with a trading range of 1.2191 ISK (High: 16.4331 / Low: 15.2140). On the other end, October was the most stable month, with a tight range of 0.2600 ISK (High: 15.4027 / Low: 15.1427).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.1067 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 16.5135) against the same month in 2016 (average: 18.8118), the exchange rate shifted by -2.2983 (-12.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.9458 | 16.2331 | 16.5135 |
| February | 16.5584 | 15.4067 | 16.1044 |
| March | 16.3264 | 15.3841 | 15.7730 |
| April | 16.4331 | 15.2140 | 15.9083 |
| May | 15.3022 | 14.2768 | 14.8016 |
| June | 15.1498 | 14.0770 | 14.5384 |
| July | 15.6193 | 14.6783 | 14.9987 |
| August | 15.6993 | 14.9346 | 15.2068 |
| September | 15.5680 | 14.9774 | 15.2341 |
| October | 15.4027 | 15.1427 | 15.2528 |
| November | 15.3226 | 14.7538 | 14.9983 |
| December | 15.3593 | 14.9181 | 15.1597 |