2016 NZD to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NZD to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NZD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 89.8507. Conversely, the yearly low was recorded on December 23, dropping to 78.0196.
This high-to-low spread represents a total annual volatility of 11.8311 ISK. From a start-to-finish perspective, comparing the January average rate of 85.0591 to the December average rate of 79.1037, the exchange rate registered a net change of -7.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 89.8507 was down 14.27% compared to the 2015 peak of 104.8097, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NZD 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 85.2780, compared to 82.8701 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4079 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 6.1748 ISK (High: 88.9517 / Low: 82.7769). On the other end, December was the most stable month, with a tight range of 2.3167 ISK (High: 80.3363 / Low: 78.0196).
Growth Streaks & Declines
TrendsBetween May and July, 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 September and October, when the average rate fell by 2.1659 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2016: 87.0650) against the same month in 2015 (average: 88.9697), the exchange rate shifted by -1.9047 (-2.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 88.9517 | 82.7769 | 85.0591 |
| February | 86.6136 | 83.7589 | 84.9426 |
| March | 87.7816 | 83.6170 | 85.4141 |
| April | 87.0804 | 83.7126 | 85.3725 |
| May | 85.6166 | 83.0087 | 84.0063 |
| June | 88.8690 | 84.8026 | 86.8733 |
| July | 89.8507 | 85.2309 | 87.0650 |
| August | 86.6799 | 84.3221 | 85.2930 |
| September | 85.6264 | 82.7249 | 83.8692 |
| October | 83.1284 | 80.6556 | 81.7033 |
| November | 81.8446 | 79.3169 | 80.1863 |
| December | 80.3363 | 78.0196 | 79.1037 |