2016 NOK to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NOK to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NOK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 15.2817. Conversely, the yearly low was recorded on December 27, dropping to 13.0318.
This high-to-low spread represents a total annual volatility of 2.2500 ISK. From a start-to-finish perspective, comparing the January average rate of 14.7503 to the December average rate of 13.1370, the exchange rate registered a net change of -10.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 15.2817 was down 14.38% compared to the 2015 peak of 17.8492, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NOK 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 14.9176, compared to 13.8403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0773 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 0.6878 ISK (High: 14.7491 / Low: 14.0613). On the other end, December was the most stable month, with a tight range of 0.2406 ISK (High: 13.2724 / Low: 13.0318).
Growth Streaks & Declines
TrendsBetween January and April, 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 October and November, when the average rate fell by 0.6462 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2016: 15.0641) against the same month in 2015 (average: 17.2306), the exchange rate shifted by -2.1665 (-12.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.0163 | 14.5538 | 14.7503 |
| February | 14.9983 | 14.7442 | 14.8751 |
| March | 15.1476 | 14.7922 | 14.9504 |
| April | 15.2817 | 14.7744 | 15.0641 |
| May | 15.1957 | 14.9090 | 15.0100 |
| June | 15.0906 | 14.6579 | 14.8556 |
| July | 14.7491 | 14.0613 | 14.4017 |
| August | 14.4242 | 13.9893 | 14.2148 |
| September | 14.2807 | 13.8155 | 13.9768 |
| October | 14.2836 | 13.6552 | 13.9789 |
| November | 13.6196 | 13.1583 | 13.3326 |
| December | 13.2724 | 13.0318 | 13.1370 |