2017 ISK to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ISK to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ISK to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 3.6833. Conversely, the yearly low was recorded on January 11, dropping to 3.0555.
This high-to-low spread represents a total annual volatility of 0.6278 MRO. From a start-to-finish perspective, comparing the January average rate of 3.1390 to the December average rate of 3.3908, the exchange rate registered a net change of 8.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 3.6833 was up 13.39% compared to the 2016 peak of 3.2483, 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 MRO 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 3.3323, compared to 3.4266 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0943 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was June, with a trading range of 0.2600 MRO (High: 3.6833 / Low: 3.4233). On the other end, December was the most stable month, with a tight range of 0.0916 MRO (High: 3.4412 / Low: 3.3496).
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 0.1051 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2017: 3.5726) against the same month in 2016 (average: 2.8855), the exchange rate shifted by +0.6871 (+23.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2066 | 3.0555 | 3.1390 |
| February | 3.3620 | 3.1267 | 3.2226 |
| March | 3.3688 | 3.1820 | 3.2901 |
| April | 3.4043 | 3.1614 | 3.2655 |
| May | 3.6328 | 3.3857 | 3.5043 |
| June | 3.6833 | 3.4233 | 3.5726 |
| July | 3.5330 | 3.3424 | 3.4675 |
| August | 3.4795 | 3.3344 | 3.4344 |
| September | 3.4959 | 3.3784 | 3.4354 |
| October | 3.4855 | 3.3370 | 3.4232 |
| November | 3.4573 | 3.3453 | 3.4084 |
| December | 3.4412 | 3.3496 | 3.3908 |