YEARLY HIGH
0.0604 ISK
YEARLY LOW
0.0538 ISK
YEARLY AVERAGE
0.0574 ISK

2011 MGA to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MGA to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 0.0604. Conversely, the yearly low was recorded on January 4, dropping to 0.0538.

This high-to-low spread represents a total annual volatility of 0.0066 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0558 to the December average rate of 0.0565, the exchange rate registered a net change of 1.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0604 was down 5.66% compared to the 2010 peak of 0.0640, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 302 ISK
2010 Average 292 ISK
Yearly Trough Low 269 ISK
Transaction Impact: A difference of 33.15 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0598
0.0551
JanuMarcMayJulySeptNove

MGA 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 0.0577, compared to 0.0572 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0577
H2 Avg (Jul–Dec) 0.0572

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0055 ISK (High: 0.0595 / Low: 0.0540). On the other end, August was the most stable month, with a tight range of 0.0013 ISK (High: 0.0591 / Low: 0.0577).

October Spread (Volatile) ±0.0055
August Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.0592) against the same month in 2010 (average: 0.0559), the exchange rate shifted by +0.0033 (+5.84%).

2011 Avg (July) 0.0592
2010 Avg (July) 0.0559

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0570 0.0538 0.0558
February 0.0585 0.0565 0.0577
March 0.0582 0.0567 0.0575
April 0.0582 0.0568 0.0573
May 0.0595 0.0569 0.0584
June 0.0601 0.0587 0.0594
July 0.0604 0.0579 0.0592
August 0.0591 0.0577 0.0585
September 0.0594 0.0570 0.0581
October 0.0595 0.0540 0.0555
November 0.0571 0.0541 0.0556
December 0.0572 0.0549 0.0565