2017 MVR to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MVR to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MVR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 7.5859. Conversely, the yearly low was recorded on June 3, dropping to 6.2478.
This high-to-low spread represents a total annual volatility of 1.3380 ISK. From a start-to-finish perspective, comparing the January average rate of 7.4341 to the December average rate of 6.8031, the exchange rate registered a net change of -8.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 7.5859 was down 11.36% compared to the 2016 peak of 8.5577, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MVR to ISK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.9942, compared to 6.8283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1659 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.7450 ISK (High: 7.4886 / Low: 6.7436). On the other end, October was the most stable month, with a tight range of 0.1158 ISK (High: 6.9158 / Low: 6.7999).
Growth Streaks & Declines
TrendsBetween 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 0.5021 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 7.4341) against the same month in 2016 (average: 8.4892), the exchange rate shifted by -1.0552 (-12.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.5859 | 7.3013 | 7.4341 |
| February | 7.4624 | 6.8603 | 7.2097 |
| March | 7.3173 | 6.8467 | 7.0468 |
| April | 7.3286 | 6.8884 | 7.1465 |
| May | 6.9129 | 6.3450 | 6.6443 |
| June | 6.7825 | 6.2478 | 6.4841 |
| July | 6.9568 | 6.5689 | 6.7346 |
| August | 7.4886 | 6.7436 | 6.9057 |
| September | 7.0117 | 6.7921 | 6.9000 |
| October | 6.9158 | 6.7999 | 6.8469 |
| November | 6.9032 | 6.7168 | 6.7796 |
| December | 6.8856 | 6.7046 | 6.8031 |