2017 ISK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ISK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ISK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 17.6467. Conversely, the yearly low was recorded on January 11, dropping to 14.2786.
This high-to-low spread represents a total annual volatility of 3.3681 BIF. From a start-to-finish perspective, comparing the January average rate of 14.7052 to the December average rate of 16.7827, the exchange rate registered a net change of 14.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 17.6467 was up 15.89% compared to the 2016 peak of 15.2269, 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 2017.
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 15.7514, compared to 16.6097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8583 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was May, with a trading range of 1.4470 BIF (High: 17.3853 / Low: 15.9384). On the other end, October was the most stable month, with a tight range of 0.2694 BIF (High: 16.7288 / Low: 16.4594).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.5516 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2017: 17.0991) against the same month in 2016 (average: 13.0189), the exchange rate shifted by +4.0802 (+31.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.0777 | 14.2786 | 14.7052 |
| February | 15.8587 | 14.7126 | 15.1986 |
| March | 16.0463 | 14.9502 | 15.5354 |
| April | 16.0386 | 14.8829 | 15.3890 |
| May | 17.3853 | 15.9384 | 16.5813 |
| June | 17.6467 | 16.4068 | 17.0991 |
| July | 16.9422 | 15.9838 | 16.5475 |
| August | 16.7530 | 15.8590 | 16.4246 |
| September | 16.7001 | 16.1351 | 16.4149 |
| October | 16.7288 | 16.4594 | 16.6258 |
| November | 17.1246 | 16.5113 | 16.8626 |
| December | 17.0191 | 16.5597 | 16.7827 |