YEARLY HIGH
89.8507 ISK
YEARLY LOW
78.0196 ISK
YEARLY AVERAGE
84.0741 ISK

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.

Transfer Payout Power Comparison

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

Yearly Peak High 449,253 ISK
2015 Average 461,898 ISK
Yearly Trough Low 390,098 ISK
Transaction Impact: A difference of 59,155.43 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

87.8611
78.3076
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 85.2780
H2 Avg (Jul–Dec) 82.8701

Volatility Range Comparison

Volatility

The 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).

January Spread (Volatile) ±6.1748
December Spread (Stable) ±2.3167

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 2 Mo.
Sharpest MoM Drop -2.1659

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2016 Avg (July) 87.0650
2015 Avg (July) 88.9697

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