YEARLY HIGH
1.1206 ISK
YEARLY LOW
0.9342 ISK
YEARLY AVERAGE
1.0131 ISK

2017 PKR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the PKR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 1.1206. Conversely, the yearly low was recorded on June 5, dropping to 0.9342.

This high-to-low spread represents a total annual volatility of 0.1863 ISK. From a start-to-finish perspective, comparing the January average rate of 1.0919 to the December average rate of 0.9645, the exchange rate registered a net change of -11.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.1206 was down 10.18% compared to the 2016 peak of 1.2476, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 560,279 ISK
2016 Average 576,581 ISK
Yearly Trough Low 467,109 ISK
Transaction Impact: A difference of 93,170.04 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.1047
0.9509
JanuMarcMayJulySeptNove

PKR 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 1.0326, compared to 0.9937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0389 points.

H1 Avg (Jan–Jun) 1.0326
H2 Avg (Jul–Dec) 0.9937

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 0.0798 ISK (High: 1.0987 / Low: 1.0189). On the other end, October was the most stable month, with a tight range of 0.0160 ISK (High: 1.0110 / Low: 0.9949).

February Spread (Volatile) ±0.0798
October Spread (Stable) ±0.0160

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0712 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0712

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 1.0919) against the same month in 2016 (average: 1.2387), the exchange rate shifted by -0.1468 (-11.85%).

2017 Avg (January) 1.0919
2016 Avg (January) 1.2387

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1206 1.0740 1.0919
February 1.0987 1.0189 1.0633
March 1.0817 1.0169 1.0429
April 1.0851 1.0102 1.0523
May 1.0146 0.9463 0.9812
June 1.0028 0.9342 0.9637
July 1.0252 0.9732 0.9919
August 1.0390 0.9885 1.0065
September 1.0252 0.9944 1.0083
October 1.0110 0.9949 1.0016
November 1.0088 0.9741 0.9892
December 0.9926 0.9344 0.9645