YEARLY HIGH
0.1073 ISK
YEARLY LOW
0.0819 ISK
YEARLY AVERAGE
0.0980 ISK

2016 MMK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MMK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 25, valuing the pair at 0.1073. Conversely, the yearly low was recorded on December 22, dropping to 0.0819.

This high-to-low spread represents a total annual volatility of 0.0254 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1000 to the December average rate of 0.0834, the exchange rate registered a net change of -16.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1073 was down 20.59% compared to the 2015 peak of 0.1352, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 537 ISK
2015 Average 598 ISK
Yearly Trough Low 410 ISK
Transaction Impact: A difference of 127.02 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1076
0.0812
JanuMarcMayJulySeptNove

MMK 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 0.1035, compared to 0.0926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.1035
H2 Avg (Jul–Dec) 0.0926

Volatility Range Comparison

Volatility

The most volatile month in 2016 was April, with a trading range of 0.0062 ISK (High: 0.1073 / Low: 0.1012). On the other end, January was the most stable month, with a tight range of 0.0018 ISK (High: 0.1007 / Low: 0.0989).

April Spread (Volatile) ±0.0062
January Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0055 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2016: 0.1048) against the same month in 2015 (average: 0.1278), the exchange rate shifted by -0.0230 (-18.01%).

2016 Avg (April) 0.1048
2015 Avg (April) 0.1278

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1007 0.0989 0.1000
February 0.1046 0.0997 0.1027
March 0.1051 0.1026 0.1041
April 0.1073 0.1012 0.1048
May 0.1064 0.1041 0.1054
June 0.1066 0.1020 0.1039
July 0.1051 0.1009 0.1035
August 0.1016 0.0962 0.0990
September 0.0964 0.0907 0.0934
October 0.0916 0.0879 0.0896
November 0.0873 0.0853 0.0865
December 0.0851 0.0819 0.0834