YEARLY HIGH
0.0796 ISK
YEARLY LOW
0.0677 ISK
YEARLY AVERAGE
0.0751 ISK

2018 MMK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MMK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 18, valuing the pair at 0.0796. Conversely, the yearly low was recorded on September 22, dropping to 0.0677.

This high-to-low spread represents a total annual volatility of 0.0119 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0764 to the December average rate of 0.0769, the exchange rate registered a net change of 0.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0796 was down 7.89% compared to the 2017 peak of 0.0864, 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 398 ISK
2017 Average 392 ISK
Yearly Trough Low 339 ISK
Transaction Impact: A difference of 59.29 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0785
0.0697
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 0.0760, compared to 0.0742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0760
H2 Avg (Jul–Dec) 0.0742

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0054 ISK (High: 0.0743 / Low: 0.0689). On the other end, February was the most stable month, with a tight range of 0.0020 ISK (High: 0.0769 / Low: 0.0749).

August Spread (Volatile) ±0.0054
February Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0033 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2018: 0.0778) against the same month in 2017 (average: 0.0741), the exchange rate shifted by +0.0037 (+5.03%).

2018 Avg (June) 0.0778
2017 Avg (June) 0.0741

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0780 0.0753 0.0764
February 0.0769 0.0749 0.0757
March 0.0754 0.0733 0.0744
April 0.0761 0.0738 0.0747
May 0.0786 0.0755 0.0769
June 0.0796 0.0748 0.0778
July 0.0761 0.0720 0.0745
August 0.0743 0.0689 0.0718
September 0.0729 0.0677 0.0704
October 0.0764 0.0717 0.0744
November 0.0786 0.0753 0.0769
December 0.0794 0.0745 0.0769