YEARLY HIGH
0.0668 ISK
YEARLY LOW
0.0606 ISK
YEARLY AVERAGE
0.0643 ISK

2021 BIF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BIF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.0668. Conversely, the yearly low was recorded on June 2, dropping to 0.0606.

This high-to-low spread represents a total annual volatility of 0.0062 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0660 to the December average rate of 0.0651, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0668 was down 14.12% compared to the 2020 peak of 0.0778, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 334 ISK
2020 Average 354 ISK
Yearly Trough Low 303 ISK
Transaction Impact: A difference of 30.97 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0665
0.0613
JanuMarcMayJulySeptNove

BIF 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 0.0643, compared to 0.0644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0643
H2 Avg (Jul–Dec) 0.0644

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0033 ISK (High: 0.0643 / Low: 0.0610). On the other end, December was the most stable month, with a tight range of 0.0009 ISK (High: 0.0657 / Low: 0.0648).

May Spread (Volatile) ±0.0033
December Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0018 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.0658) against the same month in 2020 (average: 0.0670), the exchange rate shifted by -0.0012 (-1.86%).

2021 Avg (February) 0.0658
2020 Avg (February) 0.0670

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0668 0.0652 0.0660
February 0.0668 0.0649 0.0658
March 0.0661 0.0640 0.0651
April 0.0655 0.0626 0.0645
May 0.0643 0.0610 0.0626
June 0.0625 0.0606 0.0617
July 0.0637 0.0620 0.0627
August 0.0646 0.0623 0.0636
September 0.0656 0.0637 0.0644
October 0.0653 0.0644 0.0648
November 0.0667 0.0649 0.0655
December 0.0657 0.0648 0.0651