YEARLY HIGH
2.3528 ISK
YEARLY LOW
1.9653 ISK
YEARLY AVERAGE
2.1174 ISK

2017 PHP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the PHP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 2.3528. Conversely, the yearly low was recorded on June 3, dropping to 1.9653.

This high-to-low spread represents a total annual volatility of 0.3875 ISK. From a start-to-finish perspective, comparing the January average rate of 2.2969 to the December average rate of 2.0841, the exchange rate registered a net change of -9.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.3528 was down 15.43% compared to the 2016 peak of 2.7820, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 588,190 ISK
2016 Average 636,432 ISK
Yearly Trough Low 491,315 ISK
Transaction Impact: A difference of 96,875.22 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.3242
1.9964
JanuMarcMayJulySeptNove

PHP 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 2.1671, compared to 2.0677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0993 points.

H1 Avg (Jan–Jun) 2.1671
H2 Avg (Jul–Dec) 2.0677

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 0.1895 ISK (High: 2.3139 / Low: 2.1244). On the other end, November was the most stable month, with a tight range of 0.0535 ISK (High: 2.0757 / Low: 2.0222).

February Spread (Volatile) ±0.1895
November Spread (Stable) ±0.0535

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 0.1519 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1519

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 2.2969) against the same month in 2016 (average: 2.7348), the exchange rate shifted by -0.4379 (-16.01%).

2017 Avg (January) 2.2969
2016 Avg (January) 2.7348

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.3528 2.2594 2.2969
February 2.3139 2.1244 2.2295
March 2.2607 2.1188 2.1745
April 2.2708 2.1158 2.2149
May 2.1306 1.9880 2.0630
June 2.0905 1.9653 2.0237
July 2.1264 2.0204 2.0599
August 2.1191 2.0432 2.0775
September 2.1214 2.0516 2.0866
October 2.0863 2.0285 2.0532
November 2.0757 2.0222 2.0452
December 2.1223 2.0422 2.0841