2016 ISK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ISK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ISK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 83.7411. Conversely, the yearly low was recorded on May 27, dropping to 58.6539.
This high-to-low spread represents a total annual volatility of 25.0871 GNF. From a start-to-finish perspective, comparing the January average rate of 59.5290 to the December average rate of 82.4004, the exchange rate registered a net change of 38.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 83.7411 was up 36.19% compared to the 2015 peak of 61.4896, 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 GNF 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 60.6395, compared to 78.7420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.1025 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 13.1080 GNF (High: 72.1091 / Low: 59.0011). On the other end, January was the most stable month, with a tight range of 0.9568 GNF (High: 59.9642 / Low: 59.0074).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.3446 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 82.4004) against the same month in 2015 (average: 59.5830), the exchange rate shifted by +22.8174 (+38.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 59.9642 | 59.0074 | 59.5290 |
| February | 61.2904 | 59.0136 | 60.1556 |
| March | 61.3735 | 58.8797 | 60.1673 |
| April | 61.7785 | 60.5687 | 61.1960 |
| May | 61.9526 | 58.6539 | 59.8514 |
| June | 72.1091 | 59.0011 | 62.9374 |
| July | 75.0663 | 71.7748 | 73.4041 |
| August | 77.8276 | 74.6784 | 76.6256 |
| September | 79.8582 | 77.7804 | 79.1357 |
| October | 80.5968 | 78.9391 | 79.6180 |
| November | 82.8379 | 79.5684 | 81.2680 |
| December | 83.7411 | 81.0930 | 82.4004 |