2016 ISK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ISK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ISK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 15.2269. Conversely, the yearly low was recorded on January 24, dropping to 11.8559.
This high-to-low spread represents a total annual volatility of 3.3711 BIF. From a start-to-finish perspective, comparing the January average rate of 12.0175 to the December average rate of 14.8801, the exchange rate registered a net change of 23.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 15.2269 was up 20.89% compared to the 2015 peak of 12.5953, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
ISK to BIF 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 12.4515, compared to 14.4258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9743 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 1.2919 BIF (High: 13.7658 / Low: 12.4739). On the other end, October was the most stable month, with a tight range of 0.2003 BIF (High: 14.7385 / Low: 14.5381).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0144 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 14.8801) against the same month in 2015 (average: 11.9974), the exchange rate shifted by +2.8827 (+24.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.1096 | 11.8559 | 12.0175 |
| February | 12.3167 | 12.0451 | 12.1874 |
| March | 12.6362 | 12.0705 | 12.3338 |
| April | 12.7088 | 12.3803 | 12.5384 |
| May | 12.8413 | 12.4097 | 12.6130 |
| June | 13.7658 | 12.4739 | 13.0189 |
| July | 13.8930 | 13.4696 | 13.5953 |
| August | 14.3606 | 13.7752 | 14.0805 |
| September | 14.5922 | 14.3115 | 14.4954 |
| October | 14.7385 | 14.5381 | 14.6088 |
| November | 15.1092 | 14.7544 | 14.8945 |
| December | 15.2269 | 14.5572 | 14.8801 |