2016 JOD to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 JOD to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the JOD to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 508.3001. Conversely, the yearly low was recorded on January 6, dropping to 434.8315.
This high-to-low spread represents a total annual volatility of 73.4687 MRO. From a start-to-finish perspective, comparing the January average rate of 471.8678 to the December average rate of 505.5819, the exchange rate registered a net change of 7.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 508.3001 was up 5.91% compared to the 2015 peak of 479.9533, 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 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 487.6632, compared to 503.1129 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.4497 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 51.0860 MRO (High: 485.9174 / Low: 434.8315). On the other end, September was the most stable month, with a tight range of 2.7021 MRO (High: 504.0134 / Low: 501.3113).
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 June and July, when the average rate fell by 1.1721 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 505.5819) against the same month in 2015 (average: 429.6376), the exchange rate shifted by +75.9444 (+17.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 485.9174 | 434.8315 | 471.8678 |
| February | 485.8848 | 465.2928 | 482.4674 |
| March | 490.5703 | 482.1723 | 485.1013 |
| April | 490.9160 | 482.4930 | 487.7867 |
| May | 502.9150 | 484.0381 | 496.4292 |
| June | 504.3537 | 500.9016 | 502.3266 |
| July | 503.2338 | 499.1842 | 501.1545 |
| August | 505.2497 | 498.9577 | 501.6287 |
| September | 504.0134 | 501.3113 | 502.2469 |
| October | 505.0195 | 499.9516 | 503.3206 |
| November | 507.4170 | 503.0930 | 504.7448 |
| December | 508.3001 | 502.9729 | 505.5819 |