YEARLY HIGH
0.5956 ISK
YEARLY LOW
0.5157 ISK
YEARLY AVERAGE
0.5563 ISK

2016 SYP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SYP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.5956. Conversely, the yearly low was recorded on December 7, dropping to 0.5157.

This high-to-low spread represents a total annual volatility of 0.0799 ISK. From a start-to-finish perspective, comparing the January average rate of 0.5906 to the December average rate of 0.5274, the exchange rate registered a net change of -10.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5956 was down 19.40% compared to the 2015 peak of 0.7390, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,978 ISK
2015 Average 3,396 ISK
Yearly Trough Low 2,578 ISK
Transaction Impact: A difference of 399.51 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5972
0.5184
JanuMarcMayJulySeptNove

SYP 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 0.5734, compared to 0.5392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0342 points.

H1 Avg (Jan–Jun) 0.5734
H2 Avg (Jul–Dec) 0.5392

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0268 ISK (High: 0.5904 / Low: 0.5636). On the other end, September was the most stable month, with a tight range of 0.0077 ISK (High: 0.5411 / Low: 0.5334).

March Spread (Volatile) ±0.0268
September Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0152 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0152

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.5906) against the same month in 2015 (average: 0.7200), the exchange rate shifted by -0.1294 (-17.97%).

2016 Avg (January) 0.5906
2015 Avg (January) 0.7200

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5956 0.5875 0.5906
February 0.5892 0.5752 0.5823
March 0.5904 0.5636 0.5761
April 0.5697 0.5588 0.5645
May 0.5712 0.5541 0.5634
June 0.5722 0.5548 0.5632
July 0.5689 0.5551 0.5645
August 0.5592 0.5424 0.5493
September 0.5411 0.5334 0.5359
October 0.5361 0.5274 0.5332
November 0.5307 0.5165 0.5249
December 0.5383 0.5157 0.5274