2016 ISK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ISK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 30.2027. Conversely, the yearly low was recorded on February 22, dropping to 24.4868.
This high-to-low spread represents a total annual volatility of 5.7159 MGA. From a start-to-finish perspective, comparing the January average rate of 24.7099 to the December average rate of 29.6132, the exchange rate registered a net change of 19.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 30.2027 was up 17.16% compared to the 2015 peak of 25.7793, 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 MGA 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 25.4672, compared to 27.2874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8201 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 1.7860 MGA (High: 26.2939 / Low: 24.5079). On the other end, January was the most stable month, with a tight range of 0.3885 MGA (High: 24.8987 / Low: 24.5102).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.2274 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 29.6132) against the same month in 2015 (average: 24.7509), the exchange rate shifted by +4.8623 (+19.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.8987 | 24.5102 | 24.7099 |
| February | 25.1775 | 24.4868 | 24.8885 |
| March | 25.9285 | 24.7037 | 25.3302 |
| April | 25.9940 | 25.4637 | 25.6911 |
| May | 26.0680 | 25.5054 | 25.7165 |
| June | 27.0457 | 25.9169 | 26.4672 |
| July | 26.2939 | 24.5079 | 25.2398 |
| August | 26.1655 | 24.7267 | 25.5820 |
| September | 27.2064 | 26.1209 | 26.5611 |
| October | 28.3217 | 27.2244 | 27.8505 |
| November | 29.6571 | 28.3895 | 28.8777 |
| December | 30.2027 | 28.9563 | 29.6132 |