YEARLY HIGH
0.0408 ISK
YEARLY LOW
0.0331 ISK
YEARLY AVERAGE
0.0380 ISK

2016 MGA to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MGA to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 0.0408. Conversely, the yearly low was recorded on December 5, dropping to 0.0331.

This high-to-low spread represents a total annual volatility of 0.0077 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0405 to the December average rate of 0.0338, the exchange rate registered a net change of -16.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0408 was down 21.74% compared to the 2015 peak of 0.0522, 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 204 ISK
2015 Average 213 ISK
Yearly Trough Low 166 ISK
Transaction Impact: A difference of 38.64 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0411
0.0331
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 0.0393, compared to 0.0368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0393
H2 Avg (Jul–Dec) 0.0368

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 0.0028 ISK (High: 0.0408 / Low: 0.0380). On the other end, January was the most stable month, with a tight range of 0.0006 ISK (High: 0.0408 / Low: 0.0402).

July Spread (Volatile) ±0.0028
January Spread (Stable) ±0.0006

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 September and October, when the average rate fell by 0.0017 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0402) against the same month in 2015 (average: 0.0468), the exchange rate shifted by -0.0066 (-14.08%).

2016 Avg (February) 0.0402
2015 Avg (February) 0.0468

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0408 0.0402 0.0405
February 0.0408 0.0397 0.0402
March 0.0405 0.0386 0.0395
April 0.0393 0.0385 0.0389
May 0.0392 0.0384 0.0389
June 0.0386 0.0370 0.0378
July 0.0408 0.0380 0.0396
August 0.0404 0.0382 0.0391
September 0.0383 0.0368 0.0377
October 0.0367 0.0353 0.0359
November 0.0352 0.0337 0.0346
December 0.0345 0.0331 0.0338