2016 PEN to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 PEN to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the PEN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 38.3395. Conversely, the yearly low was recorded on December 6, dropping to 32.2792.
This high-to-low spread represents a total annual volatility of 6.0603 ISK. From a start-to-finish perspective, comparing the January average rate of 37.8240 to the December average rate of 33.1562, the exchange rate registered a net change of -12.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 38.3395 was down 15.04% compared to the 2015 peak of 45.1260, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
PEN 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 37.2248, compared to 34.3656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8593 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was December, with a trading range of 1.8799 ISK (High: 34.1591 / Low: 32.2792). On the other end, September was the most stable month, with a tight range of 0.5561 ISK (High: 34.2682 / Low: 33.7121).
Growth Streaks & Declines
TrendsBetween February and April, 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 July and August, when the average rate fell by 1.4793 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 37.8240) against the same month in 2015 (average: 43.7383), the exchange rate shifted by -5.9143 (-13.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 38.3395 | 37.4055 | 37.8240 |
| February | 37.1496 | 36.0300 | 36.5176 |
| March | 37.6980 | 36.7987 | 37.1865 |
| April | 38.3008 | 36.5544 | 37.5296 |
| May | 37.4666 | 36.6691 | 37.1185 |
| June | 37.9917 | 36.7298 | 37.1728 |
| July | 37.5096 | 35.6573 | 36.9093 |
| August | 36.1822 | 34.4459 | 35.4300 |
| September | 34.2682 | 33.7121 | 33.9805 |
| October | 34.0781 | 33.4687 | 33.7083 |
| November | 33.3002 | 32.6810 | 33.0090 |
| December | 34.1591 | 32.2792 | 33.1562 |