2016 JOD to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 JOD to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the JOD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 150.5609. Conversely, the yearly low was recorded on May 4, dropping to 134.8047.
This high-to-low spread represents a total annual volatility of 15.7562 CVE. From a start-to-finish perspective, comparing the January average rate of 143.0987 to the December average rate of 147.7203, the exchange rate registered a net change of 3.23% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 150.5609 was up 2.03% compared to the 2015 peak of 147.5701, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
JOD to CVE 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 139.4446, compared to 141.8706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4260 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 7.2314 CVE (High: 147.2724 / Low: 140.0410). On the other end, September was the most stable month, with a tight range of 1.3337 CVE (High: 139.4710 / Low: 138.1374).
Growth Streaks & Declines
TrendsBetween April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 2.8241 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 147.7203) against the same month in 2015 (average: 142.5944), the exchange rate shifted by +5.1259 (+3.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 144.4502 | 142.0932 | 143.0987 |
| February | 143.1715 | 137.8540 | 140.2746 |
| March | 143.3043 | 137.3380 | 140.0183 |
| April | 138.5431 | 136.1980 | 137.3033 |
| May | 139.7389 | 134.8047 | 137.3712 |
| June | 141.2746 | 136.5207 | 138.6014 |
| July | 141.7116 | 139.5239 | 140.5660 |
| August | 140.4452 | 137.3541 | 138.8534 |
| September | 139.4710 | 138.1374 | 138.8264 |
| October | 143.1833 | 138.4669 | 141.0458 |
| November | 147.2724 | 140.0410 | 144.2118 |
| December | 150.5609 | 144.6904 | 147.7203 |