YEARLY HIGH
1.0891 ISK
YEARLY LOW
0.8551 ISK
YEARLY AVERAGE
0.9671 ISK

2016 JMD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the JMD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1.0891. Conversely, the yearly low was recorded on November 9, dropping to 0.8551.

This high-to-low spread represents a total annual volatility of 0.2340 ISK. From a start-to-finish perspective, comparing the January average rate of 1.0788 to the December average rate of 0.8736, the exchange rate registered a net change of -19.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.0891 was down 10.15% compared to the 2015 peak of 1.2121, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JMD based on timing:

Yearly Peak High 5,446 ISK
2015 Average 5,648 ISK
Yearly Trough Low 4,276 ISK
Transaction Impact: A difference of 1,169.94 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.0997
0.8484
JanuMarcMayJulySeptNove

JMD to ISK Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.0294, compared to 0.9049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1245 points.

H1 Avg (Jan–Jun) 1.0294
H2 Avg (Jul–Dec) 0.9049

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0520 ISK (High: 1.0697 / Low: 1.0176). On the other end, May was the most stable month, with a tight range of 0.0135 ISK (High: 1.0041 / Low: 0.9906).

March Spread (Volatile) ±0.0520
May Spread (Stable) ±0.0135

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0327 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 1.0788) against the same month in 2015 (average: 1.1433), the exchange rate shifted by -0.0645 (-5.64%).

2016 Avg (January) 1.0788
2015 Avg (January) 1.1433

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.0891 1.0711 1.0788
February 1.0695 1.0438 1.0560
March 1.0697 1.0176 1.0418
April 1.0233 0.9975 1.0160
May 1.0041 0.9906 0.9996
June 0.9996 0.9658 0.9842
July 0.9732 0.9442 0.9641
August 0.9519 0.9154 0.9314
September 0.9130 0.8940 0.9014
October 0.8964 0.8744 0.8896
November 0.8787 0.8551 0.8693
December 0.8913 0.8558 0.8736