2017 ISK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ISK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ISK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 93.5097. Conversely, the yearly low was recorded on January 24, dropping to 80.4239.
This high-to-low spread represents a total annual volatility of 13.0858 GNF. From a start-to-finish perspective, comparing the January average rate of 81.9804 to the December average rate of 86.0598, the exchange rate registered a net change of 4.98% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 93.5097 was up 11.67% compared to the 2016 peak of 83.7411, 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 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 85.8023, compared to 85.4922 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3100 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was June, with a trading range of 7.8353 GNF (High: 93.5097 / Low: 85.6744). On the other end, October was the most stable month, with a tight range of 2.0138 GNF (High: 86.1537 / Low: 84.1399).
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 3.5217 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2017: 89.9353) against the same month in 2016 (average: 62.9374), the exchange rate shifted by +26.9979 (+42.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 84.1573 | 80.4239 | 81.9804 |
| February | 87.4905 | 80.8973 | 84.1621 |
| March | 87.5141 | 81.3349 | 85.4405 |
| April | 87.9490 | 81.3349 | 84.0703 |
| May | 91.7858 | 85.9957 | 89.2248 |
| June | 93.5097 | 85.6744 | 89.9353 |
| July | 89.0459 | 83.8777 | 86.4136 |
| August | 86.2847 | 81.7180 | 84.4003 |
| September | 85.7927 | 83.2948 | 84.3228 |
| October | 86.1537 | 84.1399 | 85.1518 |
| November | 87.5681 | 84.7051 | 86.6052 |
| December | 87.4568 | 85.0490 | 86.0598 |