YEARLY HIGH
0.0474 ISK
YEARLY LOW
0.0408 ISK
YEARLY AVERAGE
0.0438 ISK

2017 MNT to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MNT to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 0.0474. Conversely, the yearly low was recorded on June 2, dropping to 0.0408.

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 0.0460 to the December average rate of 0.0431, the exchange rate registered a net change of -6.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0474 was down 27.90% compared to the 2016 peak of 0.0657, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 237 ISK
2016 Average 285 ISK
Yearly Trough Low 204 ISK
Transaction Impact: A difference of 32.72 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0463
0.0422
JanuMarcMayJulySeptNove

MNT 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 0.0444, compared to 0.0432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0444
H2 Avg (Jul–Dec) 0.0432

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 0.0038 ISK (High: 0.0447 / Low: 0.0408). On the other end, October was the most stable month, with a tight range of 0.0008 ISK (High: 0.0434 / Low: 0.0427).

June Spread (Volatile) ±0.0038
October Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0030 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0460) against the same month in 2016 (average: 0.0651), the exchange rate shifted by -0.0191 (-29.31%).

2017 Avg (January) 0.0460
2016 Avg (January) 0.0651

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0474 0.0452 0.0460
February 0.0470 0.0432 0.0451
March 0.0464 0.0431 0.0445
April 0.0466 0.0440 0.0456
May 0.0441 0.0413 0.0427
June 0.0447 0.0408 0.0426
July 0.0452 0.0423 0.0435
August 0.0447 0.0425 0.0434
September 0.0438 0.0429 0.0435
October 0.0434 0.0427 0.0430
November 0.0434 0.0421 0.0425
December 0.0437 0.0423 0.0431