2016 MVR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MVR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MVR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 77.6896. Conversely, the yearly low was recorded on March 28, dropping to 70.9461.
This high-to-low spread represents a total annual volatility of 6.7435 IQD. From a start-to-finish perspective, comparing the January average rate of 71.3396 to the December average rate of 76.7775, the exchange rate registered a net change of 7.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 77.6896 was down 0.69% compared to the 2015 peak of 78.2308, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
MVR to IQD 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 72.7812, compared to 76.4985 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7173 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 5.3890 IQD (High: 77.5513 / Low: 72.1623). On the other end, September was the most stable month, with a tight range of 0.5902 IQD (High: 76.7572 / Low: 76.1670).
Growth Streaks & Declines
TrendsBetween February and July, 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 August and September, when the average rate fell by 0.4315 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 76.7775) against the same month in 2015 (average: 71.5782), the exchange rate shifted by +5.1992 (+7.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.0178 | 70.9617 | 71.3396 |
| February | 71.5994 | 70.9520 | 71.1602 |
| March | 71.6780 | 70.9461 | 71.3217 |
| April | 72.7166 | 70.9847 | 71.8444 |
| May | 77.5513 | 72.1623 | 74.2810 |
| June | 77.6658 | 75.6584 | 76.7401 |
| July | 77.4581 | 76.5825 | 76.9393 |
| August | 77.2925 | 76.3253 | 76.7742 |
| September | 76.7572 | 76.1670 | 76.3426 |
| October | 76.5517 | 75.7085 | 76.2016 |
| November | 77.0647 | 75.1351 | 75.9556 |
| December | 77.6896 | 75.1855 | 76.7775 |