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2016 MXN to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MXN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 31.2788. Conversely, the yearly low was recorded on December 1, dropping to 26.4694.
This high-to-low spread represents a total annual volatility of 4.8094 CRC. From a start-to-finish perspective, comparing the January average rate of 29.7502 to the December average rate of 26.8221, the exchange rate registered a net change of -9.84% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 31.2788 was down 15.80% compared to the 2015 peak of 37.1469, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
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MXN to CRC 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: JanâJun) was 29.7371, compared to 28.5551 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 1.1821 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 3.5405 CRC (High: 30.1151 / Low: 26.5746). On the other end, December was the most stable month, with a tight range of 0.6727 CRC (High: 27.1421 / Low: 26.4694).
Growth Streaks & Declines
TrendsBetween February and April, 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 1.6051 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 29.7502) against the same month in 2015 (average: 36.6502), the exchange rate shifted by -6.9000 (-18.83%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 31.2788 | 28.6776 | 29.7502 |
| February | 29.5689 | 28.1341 | 29.0576 |
| March | 30.9436 | 29.8311 | 30.3333 |
| April | 31.2243 | 30.0401 | 30.6154 |
| May | 31.2692 | 28.9225 | 29.5991 |
| June | 29.9310 | 28.5090 | 29.0672 |
| July | 29.7993 | 28.9587 | 29.4199 |
| August | 30.3202 | 28.9404 | 29.7113 |
| September | 30.0034 | 27.7269 | 28.7007 |
| October | 29.8201 | 28.3445 | 29.1407 |
| November | 30.1151 | 26.5746 | 27.5357 |
| December | 27.1421 | 26.4694 | 26.8221 |