YEARLY HIGH
0.0864 ISK
YEARLY LOW
0.0716 ISK
YEARLY AVERAGE
0.0783 ISK

2017 MMK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MMK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0864. Conversely, the yearly low was recorded on June 3, dropping to 0.0716.

This high-to-low spread represents a total annual volatility of 0.0148 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0842 to the December average rate of 0.0772, the exchange rate registered a net change of -8.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0864 was down 19.52% compared to the 2016 peak of 0.1073, 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 432 ISK
2016 Average 490 ISK
Yearly Trough Low 358 ISK
Transaction Impact: A difference of 73.84 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0852
0.0731
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 0.0794, compared to 0.0773 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0794
H2 Avg (Jul–Dec) 0.0773

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0065 ISK (High: 0.0840 / Low: 0.0776). On the other end, October was the most stable month, with a tight range of 0.0014 ISK (High: 0.0782 / Low: 0.0767).

April Spread (Volatile) ±0.0065
October Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0057 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0842) against the same month in 2016 (average: 0.1000), the exchange rate shifted by -0.0158 (-15.80%).

2017 Avg (January) 0.0842
2016 Avg (January) 0.1000

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0864 0.0824 0.0842
February 0.0842 0.0780 0.0814
March 0.0829 0.0783 0.0799
April 0.0840 0.0776 0.0811
May 0.0785 0.0724 0.0754
June 0.0767 0.0716 0.0741
July 0.0798 0.0747 0.0765
August 0.0804 0.0763 0.0778
September 0.0793 0.0767 0.0781
October 0.0782 0.0767 0.0775
November 0.0785 0.0752 0.0769
December 0.0783 0.0758 0.0772