2016 CVE to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 CVE to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the CVE to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 3.6804. Conversely, the yearly low was recorded on January 6, dropping to 3.0178.
This high-to-low spread represents a total annual volatility of 0.6626 MRO. From a start-to-finish perspective, comparing the January average rate of 3.2977 to the December average rate of 3.4229, the exchange rate registered a net change of 3.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 3.6804 was up 10.27% compared to the 2015 peak of 3.3376, 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 MRO 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 3.4989, compared to 3.5482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0492 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 0.3802 MRO (High: 3.3980 / Low: 3.0178). On the other end, September was the most stable month, with a tight range of 0.0373 MRO (High: 3.6347 / Low: 3.5974).
Growth Streaks & Declines
TrendsBetween January and June, 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 November and December, when the average rate fell by 0.0782 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 3.6246) against the same month in 2015 (average: 3.2573), the exchange rate shifted by +0.3673 (+11.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3980 | 3.0178 | 3.2977 |
| February | 3.5050 | 3.3674 | 3.4398 |
| March | 3.5229 | 3.3854 | 3.4651 |
| April | 3.6044 | 3.5237 | 3.5527 |
| May | 3.6670 | 3.5610 | 3.6138 |
| June | 3.6804 | 3.5553 | 3.6246 |
| July | 3.5905 | 3.5366 | 3.5653 |
| August | 3.6546 | 3.5724 | 3.6128 |
| September | 3.6347 | 3.5974 | 3.6178 |
| October | 3.6235 | 3.5271 | 3.5688 |
| November | 3.5979 | 3.4280 | 3.5012 |
| December | 3.4886 | 3.3619 | 3.4229 |