2016 EGP to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 EGP to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the EGP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 16.7236. Conversely, the yearly low was recorded on December 20, dropping to 5.8104.
This high-to-low spread represents a total annual volatility of 10.9133 ISK. From a start-to-finish perspective, comparing the January average rate of 16.5956 to the December average rate of 6.1207, the exchange rate registered a net change of -63.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 16.7236 was down 9.43% compared to the 2015 peak of 18.4639, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
EGP 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 14.9752, compared to 11.0821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.8931 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 6.3845 ISK (High: 12.6225 / Low: 6.2379). On the other end, October was the most stable month, with a tight range of 0.2116 ISK (High: 12.9275 / Low: 12.7159).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 5.3112 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 16.5956) against the same month in 2015 (average: 18.0937), the exchange rate shifted by -1.4981 (-8.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.7236 | 16.4984 | 16.5956 |
| February | 16.5388 | 16.1451 | 16.3440 |
| March | 16.5708 | 13.9411 | 15.1296 |
| April | 14.0830 | 13.8124 | 13.9592 |
| May | 14.1022 | 13.7115 | 13.9263 |
| June | 14.1166 | 13.6730 | 13.8965 |
| July | 13.8510 | 13.4681 | 13.7341 |
| August | 13.5571 | 13.1195 | 13.3005 |
| September | 13.0801 | 12.8590 | 12.9379 |
| October | 12.9275 | 12.7159 | 12.8555 |
| November | 12.6225 | 6.2379 | 7.5442 |
| December | 6.2789 | 5.8104 | 6.1207 |