YEARLY HIGH
0.7249 ISK
YEARLY LOW
0.6233 ISK
YEARLY AVERAGE
0.6665 ISK

2015 NGN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the NGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.7249. Conversely, the yearly low was recorded on October 14, dropping to 0.6233.

This high-to-low spread represents a total annual volatility of 0.1016 ISK. From a start-to-finish perspective, comparing the January average rate of 0.7067 to the December average rate of 0.6515, the exchange rate registered a net change of -7.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.7249 was down 3.01% compared to the 2014 peak of 0.7474, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 724,878 ISK
2014 Average 706,769 ISK
Yearly Trough Low 623,262 ISK
Transaction Impact: A difference of 101,615.41 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.7138
0.6285
JanuMarcMayJulySeptNove

NGN 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 0.6788, compared to 0.6543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0245 points.

H1 Avg (Jan–Jun) 0.6788
H2 Avg (Jul–Dec) 0.6543

Volatility Range Comparison

Volatility

The most volatile month in 2015 was February, with a trading range of 0.0601 ISK (High: 0.7033 / Low: 0.6431). On the other end, September was the most stable month, with a tight range of 0.0151 ISK (High: 0.6507 / Low: 0.6356).

February Spread (Volatile) ±0.0601
September Spread (Stable) ±0.0151

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0404 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0404

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 0.7067) against the same month in 2014 (average: 0.7230), the exchange rate shifted by -0.0163 (-2.25%).

2015 Avg (January) 0.7067
2014 Avg (January) 0.7230

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7249 0.6942 0.7067
February 0.7033 0.6431 0.6664
March 0.7013 0.6577 0.6861
April 0.6962 0.6619 0.6837
May 0.6820 0.6556 0.6654
June 0.6785 0.6581 0.6644
July 0.6828 0.6652 0.6733
August 0.6775 0.6431 0.6627
September 0.6507 0.6356 0.6432
October 0.6491 0.6233 0.6356
November 0.6674 0.6440 0.6592
December 0.6651 0.6410 0.6515