2016 CVE to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 CVE to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the CVE to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 24.2420. Conversely, the yearly low was recorded on January 5, dropping to 19.4231.
This high-to-low spread represents a total annual volatility of 4.8188 MNT. From a start-to-finish perspective, comparing the January average rate of 19.6777 to the December average rate of 23.6724, the exchange rate registered a net change of 20.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 24.2420 was up 15.79% compared to the 2015 peak of 20.9363, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
CVE to MNT 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 20.3179, compared to 22.6211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3032 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was August, with a trading range of 2.2742 MNT (High: 23.1652 / Low: 20.8910). On the other end, January was the most stable month, with a tight range of 0.3766 MNT (High: 19.7997 / Low: 19.4231).
Growth Streaks & Declines
TrendsBetween June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.5924 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2016: 23.7811) against the same month in 2015 (average: 19.3635), the exchange rate shifted by +4.4176 (+22.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.7997 | 19.4231 | 19.6777 |
| February | 20.6036 | 19.7861 | 20.3101 |
| March | 20.9946 | 20.0053 | 20.5903 |
| April | 21.0855 | 20.2289 | 20.6827 |
| May | 21.0524 | 20.1425 | 20.6196 |
| June | 20.5225 | 19.4430 | 20.0272 |
| July | 20.8722 | 19.9799 | 20.2809 |
| August | 23.1652 | 20.8910 | 22.1707 |
| September | 23.2305 | 22.3122 | 22.7457 |
| October | 23.5596 | 22.7238 | 23.0761 |
| November | 24.2420 | 23.3239 | 23.7811 |
| December | 24.1657 | 23.3010 | 23.6724 |