YEARLY HIGH
0.0018 FJD
YEARLY LOW
0.0015 FJD
YEARLY AVERAGE
0.0017 FJD

2016 MMK to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MMK to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 21, valuing the pair at 0.0018. Conversely, the yearly low was recorded on December 22, dropping to 0.0015.

This high-to-low spread represents a total annual volatility of 0.0003 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0017 to the December average rate of 0.0016, the exchange rate registered a net change of -5.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0018 was down 11.00% compared to the 2015 peak of 0.0020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MMK based on timing:

Yearly Peak High 9 FJD
2015 Average 9 FJD
Yearly Trough Low 8 FJD
Transaction Impact: A difference of 1.39 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0018
0.0015
JanuMarcMayJulySeptNove

MMK to FJD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0017, compared to 0.0017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0017
H2 Avg (Jul–Dec) 0.0017

Volatility Range Comparison

Volatility

The most volatile month in 2016 was April, with a trading range of 0.0001 FJD (High: 0.0018 / Low: 0.0017). On the other end, November was the most stable month, with a tight range of 0.0000 FJD (High: 0.0016 / Low: 0.0016).

April Spread (Volatile) ±0.0001
November Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.0018) against the same month in 2015 (average: 0.0019), the exchange rate shifted by -0.0001 (-4.29%).

2016 Avg (May) 0.0018
2015 Avg (May) 0.0019

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0017 0.0016 0.0017
February 0.0017 0.0017 0.0017
March 0.0017 0.0017 0.0017
April 0.0018 0.0017 0.0017
May 0.0018 0.0018 0.0018
June 0.0018 0.0017 0.0018
July 0.0018 0.0017 0.0018
August 0.0017 0.0017 0.0017
September 0.0017 0.0016 0.0017
October 0.0017 0.0016 0.0016
November 0.0016 0.0016 0.0016
December 0.0016 0.0015 0.0016