YEARLY HIGH
0.0373 ISK
YEARLY LOW
0.0308 ISK
YEARLY AVERAGE
0.0342 ISK

2017 MGA to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MGA to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 16, valuing the pair at 0.0373. Conversely, the yearly low was recorded on June 10, dropping to 0.0308.

This high-to-low spread represents a total annual volatility of 0.0065 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0348 to the December average rate of 0.0325, the exchange rate registered a net change of -6.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0373 was down 8.62% compared to the 2016 peak of 0.0408, 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 187 ISK
2016 Average 190 ISK
Yearly Trough Low 154 ISK
Transaction Impact: A difference of 32.63 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0361
0.0319
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 0.0340, compared to 0.0343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0340
H2 Avg (Jul–Dec) 0.0343

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.0033 ISK (High: 0.0366 / Low: 0.0333). On the other end, February was the most stable month, with a tight range of 0.0012 ISK (High: 0.0360 / Low: 0.0347).

July Spread (Volatile) ±0.0033
February Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between June and August, 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 April and May, when the average rate fell by 0.0016 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.0357) against the same month in 2016 (average: 0.0391), the exchange rate shifted by -0.0034 (-8.70%).

2017 Avg (August) 0.0357
2016 Avg (August) 0.0391

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0365 0.0335 0.0348
February 0.0360 0.0347 0.0354
March 0.0358 0.0329 0.0343
April 0.0356 0.0328 0.0345
May 0.0336 0.0318 0.0328
June 0.0338 0.0308 0.0322
July 0.0366 0.0333 0.0353
August 0.0373 0.0349 0.0357
September 0.0361 0.0348 0.0356
October 0.0352 0.0334 0.0343
November 0.0335 0.0321 0.0328
December 0.0330 0.0317 0.0325