2016 FKP to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 FKP to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the FKP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 191.6911. Conversely, the yearly low was recorded on November 2, dropping to 136.9269.
This high-to-low spread represents a total annual volatility of 54.7642 ISK. From a start-to-finish perspective, comparing the January average rate of 187.1895 to the December average rate of 140.4878, the exchange rate registered a net change of -24.95% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 191.6911 was down 9.50% compared to the 2015 peak of 211.8244, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
FKP 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 180.4440, compared to 147.8431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.6009 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 17.7052 ISK (High: 181.4280 / Low: 163.7228). On the other end, December was the most stable month, with a tight range of 2.9521 ISK (High: 142.1082 / Low: 139.1561).
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 June and July, when the average rate fell by 14.7620 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 187.1895) against the same month in 2015 (average: 199.2272), the exchange rate shifted by -12.0377 (-6.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 191.6911 | 183.1902 | 187.1895 |
| February | 187.4020 | 179.1020 | 183.1552 |
| March | 183.4545 | 177.3740 | 180.5567 |
| April | 181.3291 | 174.1833 | 177.2529 |
| May | 183.8185 | 176.5729 | 179.3731 |
| June | 181.4280 | 163.7228 | 175.1366 |
| July | 162.8672 | 158.2450 | 160.3746 |
| August | 159.8413 | 152.3019 | 154.5364 |
| September | 154.9978 | 147.9949 | 150.9561 |
| October | 148.0484 | 138.1093 | 140.9206 |
| November | 141.4580 | 136.9269 | 139.7832 |
| December | 142.1082 | 139.1561 | 140.4878 |