2016 CAD to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 CAD to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the CAD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 22, valuing the pair at 98.7114. Conversely, the yearly low was recorded on November 5, dropping to 82.5147.
This high-to-low spread represents a total annual volatility of 16.1968 ISK. From a start-to-finish perspective, comparing the January average rate of 91.6174 to the December average rate of 84.3442, the exchange rate registered a net change of -7.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 98.7114 was down 11.62% compared to the 2015 peak of 111.6846, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
CAD 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 94.6642, compared to 87.6717 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.9926 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 5.0131 ISK (High: 93.7986 / Low: 88.7855). On the other end, June was the most stable month, with a tight range of 1.5893 ISK (High: 96.5851 / Low: 94.9958).
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 August and September, when the average rate fell by 3.1133 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2016: 96.5973) against the same month in 2015 (average: 110.1463), the exchange rate shifted by -13.5490 (-12.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 93.7986 | 88.7855 | 91.6174 |
| February | 95.7464 | 90.8016 | 92.8392 |
| March | 96.7322 | 94.8684 | 95.7659 |
| April | 98.7114 | 94.1270 | 96.5973 |
| May | 97.5196 | 94.6984 | 95.5220 |
| June | 96.5851 | 94.9958 | 95.6437 |
| July | 95.1874 | 91.4309 | 93.5868 |
| August | 92.2623 | 88.9622 | 90.8214 |
| September | 89.7406 | 86.3826 | 87.7081 |
| October | 87.0942 | 84.1511 | 86.1276 |
| November | 84.3063 | 82.5147 | 83.4418 |
| December | 85.6481 | 83.0948 | 84.3442 |