YEARLY HIGH
58.3741 ISK
YEARLY LOW
40.6503 ISK
YEARLY AVERAGE
51.2726 ISK

2016 GEL to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the GEL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 58.3741. Conversely, the yearly low was recorded on December 21, dropping to 40.6503.

This high-to-low spread represents a total annual volatility of 17.7238 ISK. From a start-to-finish perspective, comparing the January average rate of 53.3444 to the December average rate of 42.4644, the exchange rate registered a net change of -20.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 58.3741 was down 26.35% compared to the 2015 peak of 79.2614, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 291,871 ISK
2015 Average 303,127 ISK
Yearly Trough Low 203,252 ISK
Transaction Impact: A difference of 88,619.04 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

58.1245
41.0407
JanuMarcMayJulySeptNove

GEL 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 54.3591, compared to 48.1861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1730 points.

H1 Avg (Jan–Jun) 54.3591
H2 Avg (Jul–Dec) 48.1861

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 5.8009 ISK (High: 58.1939 / Low: 52.3930). On the other end, August was the most stable month, with a tight range of 0.9038 ISK (High: 51.3355 / Low: 50.4317).

June Spread (Volatile) ±5.8009
August Spread (Stable) ±0.9038

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 4.1897 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -4.1897

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 56.7008) against the same month in 2015 (average: 57.0941), the exchange rate shifted by -0.3933 (-0.69%).

2016 Avg (May) 56.7008
2015 Avg (May) 57.0941

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 54.1803 52.2938 53.3444
February 52.4618 50.7465 51.5605
March 54.6880 52.0695 53.3269
April 55.9959 53.6058 54.9329
May 58.3741 54.7160 56.7008
June 58.1939 52.3930 56.2891
July 52.9824 50.8712 52.0994
August 51.3355 50.4317 50.9425
September 50.6588 48.8601 49.7174
October 48.9513 47.3212 48.4608
November 46.8162 44.1049 45.4322
December 43.7052 40.6503 42.4644