2016 TRY to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TRY to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TRY to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 44.5311. Conversely, the yearly low was recorded on December 5, dropping to 31.3251.
This high-to-low spread represents a total annual volatility of 13.2060 ISK. From a start-to-finish perspective, comparing the January average rate of 43.3038 to the December average rate of 32.1464, the exchange rate registered a net change of -25.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 44.5311 was down 22.60% compared to the 2015 peak of 57.5340, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
TRY 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 43.1208, compared to 37.1750 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9459 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 3.2983 ISK (High: 35.9979 / Low: 32.6996). On the other end, April was the most stable month, with a tight range of 0.7398 ISK (High: 44.0820 / Low: 43.3422).
Growth Streaks & Declines
TrendsBetween January and March, 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 October and November, when the average rate fell by 3.0376 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 43.3038) against the same month in 2015 (average: 56.2345), the exchange rate shifted by -12.9308 (-22.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 44.5311 | 42.4372 | 43.3038 |
| February | 44.0274 | 42.8996 | 43.4652 |
| March | 44.3959 | 43.5538 | 43.9265 |
| April | 44.0820 | 43.3422 | 43.7042 |
| May | 43.7862 | 41.5274 | 42.0225 |
| June | 42.7388 | 41.7714 | 42.3028 |
| July | 42.5371 | 39.7859 | 41.0739 |
| August | 40.2806 | 39.3939 | 39.8743 |
| September | 39.4438 | 38.0707 | 38.6950 |
| October | 38.0285 | 36.4298 | 37.1489 |
| November | 35.9979 | 32.6996 | 34.1113 |
| December | 32.4978 | 31.3251 | 32.1464 |