2017 ZAR to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ZAR to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ZAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 8.9144. Conversely, the yearly low was recorded on November 13, dropping to 7.1681.
This high-to-low spread represents a total annual volatility of 1.7463 ISK. From a start-to-finish perspective, comparing the January average rate of 8.4136 to the December average rate of 8.0208, the exchange rate registered a net change of -4.67% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 8.9144 was up 0.06% compared to the 2016 peak of 8.9095, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
ZAR 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 8.1865, compared to 7.8562 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3303 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was December, with a trading range of 1.0809 ISK (High: 8.5935 / Low: 7.5126). On the other end, May was the most stable month, with a tight range of 0.4134 ISK (High: 7.9357 / Low: 7.5223).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4614 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2017: 8.4544) against the same month in 2016 (average: 8.2430), the exchange rate shifted by +0.2114 (+2.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.7218 | 8.1927 | 8.4136 |
| February | 8.6423 | 8.1267 | 8.4576 |
| March | 8.9144 | 8.1517 | 8.4544 |
| April | 8.4557 | 7.9382 | 8.2150 |
| May | 7.9357 | 7.5223 | 7.7536 |
| June | 8.1147 | 7.6029 | 7.8247 |
| July | 8.1963 | 7.7471 | 7.9452 |
| August | 8.2546 | 7.7875 | 7.9951 |
| September | 8.2966 | 7.8234 | 8.0841 |
| October | 7.9227 | 7.4553 | 7.7020 |
| November | 7.6016 | 7.1681 | 7.3898 |
| December | 8.5935 | 7.5126 | 8.0208 |