2016 ISK to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ISK to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ISK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 10.6164. Conversely, the yearly low was recorded on January 24, dropping to 8.3102.
This high-to-low spread represents a total annual volatility of 2.3062 IQD. From a start-to-finish perspective, comparing the January average rate of 8.4036 to the December average rate of 10.4447, the exchange rate registered a net change of 24.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 10.6164 was up 11.52% compared to the 2015 peak of 9.5195, 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 IQD 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 8.8410, compared to 10.0971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2560 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 0.5564 IQD (High: 9.4856 / Low: 8.9292). On the other end, October was the most stable month, with a tight range of 0.1868 IQD (High: 10.3211 / Low: 10.1344).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 10.4447) against the same month in 2015 (average: 8.4610), the exchange rate shifted by +1.9837 (+23.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.4997 | 8.3102 | 8.4036 |
| February | 8.6114 | 8.4040 | 8.5047 |
| March | 8.7950 | 8.3874 | 8.6007 |
| April | 9.0239 | 8.7519 | 8.8439 |
| May | 9.4856 | 8.9292 | 9.1854 |
| June | 9.6617 | 9.2568 | 9.5080 |
| July | 9.7655 | 9.4891 | 9.5820 |
| August | 9.9966 | 9.6972 | 9.8764 |
| September | 10.2071 | 10.0158 | 10.1468 |
| October | 10.3211 | 10.1344 | 10.1948 |
| November | 10.4895 | 10.1721 | 10.3378 |
| December | 10.6164 | 10.2744 | 10.4447 |