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2016 MXN to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MXN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.5804. Conversely, the yearly low was recorded on February 11, dropping to 0.3314.
This high-to-low spread represents a total annual volatility of 0.2491 VEF. From a start-to-finish perspective, comparing the January average rate of 0.3508 to the December average rate of 0.4866, the exchange rate registered a net change of 38.72% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 0.5804 was up 33.46% compared to the 2015 peak of 0.4349, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
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MXN to VEF 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 0.4512, compared to 0.5180 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.0669 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 0.0636 VEF (High: 0.5429 / Low: 0.4793). On the other end, December was the most stable month, with a tight range of 0.0120 VEF (High: 0.4933 / Low: 0.4813).
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 0.0294 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2016: 0.5502) against the same month in 2015 (average: 0.4138), the exchange rate shifted by +0.1364 (+32.97%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.3671 | 0.3388 | 0.3508 |
| February | 0.3489 | 0.3314 | 0.3424 |
| March | 0.3665 | 0.3516 | 0.3589 |
| April | 0.5803 | 0.5587 | 0.5703 |
| May | 0.5804 | 0.5391 | 0.5502 |
| June | 0.5471 | 0.5221 | 0.5344 |
| July | 0.5438 | 0.5287 | 0.5374 |
| August | 0.5518 | 0.5275 | 0.5398 |
| September | 0.5442 | 0.5024 | 0.5200 |
| October | 0.5383 | 0.5143 | 0.5269 |
| November | 0.5429 | 0.4793 | 0.4975 |
| December | 0.4933 | 0.4813 | 0.4866 |