2016 JOD to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 JOD to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the JOD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 14.1889. Conversely, the yearly low was recorded on March 31, dropping to 8.8914.
This high-to-low spread represents a total annual volatility of 5.2975 VEF. From a start-to-finish perspective, comparing the January average rate of 8.9117 to the December average rate of 14.1004, the exchange rate registered a net change of 58.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 14.1889 was up 58.81% compared to the 2015 peak of 8.9347, 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 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: Jan–Jun) was 11.4969, compared to 14.0879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5911 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 0.1302 VEF (High: 14.1889 / Low: 14.0587). On the other end, November was the most stable month, with a tight range of 0.0164 VEF (High: 14.0927 / Low: 14.0763).
Growth Streaks & Declines
TrendsBetween January and April, 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 July and August, when the average rate fell by 0.0116 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2016: 14.0931) against the same month in 2015 (average: 8.9200), the exchange rate shifted by +5.1731 (+57.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.9270 | 8.9000 | 8.9117 |
| February | 8.9390 | 8.8979 | 8.9191 |
| March | 8.9480 | 8.8914 | 8.9256 |
| April | 14.0857 | 14.0635 | 14.0742 |
| May | 14.0912 | 14.0504 | 14.0723 |
| June | 14.0943 | 14.0669 | 14.0782 |
| July | 14.1889 | 14.0587 | 14.0931 |
| August | 14.0921 | 14.0608 | 14.0815 |
| September | 14.0916 | 14.0695 | 14.0820 |
| October | 14.0948 | 14.0753 | 14.0853 |
| November | 14.0927 | 14.0763 | 14.0852 |
| December | 14.1153 | 14.0793 | 14.1004 |