2016 MVR to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MVR to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MVR to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 0.6639. Conversely, the yearly low was recorded on January 3, dropping to 0.4117.
This high-to-low spread represents a total annual volatility of 0.2522 VEF. From a start-to-finish perspective, comparing the January average rate of 0.4129 to the December average rate of 0.6520, the exchange rate registered a net change of 57.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 0.6639 was up 59.49% compared to the 2015 peak of 0.4163, 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 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 0.5332, compared to 0.6545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1213 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 0.0139 VEF (High: 0.6639 / Low: 0.6500). On the other end, September was the most stable month, with a tight range of 0.0028 VEF (High: 0.6556 / Low: 0.6527).
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 August and September, when the average rate fell by 0.0032 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 0.6527) against the same month in 2015 (average: 0.4133), the exchange rate shifted by +0.2394 (+57.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.4146 | 0.4117 | 0.4129 |
| February | 0.4155 | 0.4120 | 0.4131 |
| March | 0.4166 | 0.4124 | 0.4143 |
| April | 0.6625 | 0.6503 | 0.6538 |
| May | 0.6544 | 0.6498 | 0.6521 |
| June | 0.6639 | 0.6500 | 0.6527 |
| July | 0.6625 | 0.6548 | 0.6574 |
| August | 0.6608 | 0.6541 | 0.6570 |
| September | 0.6556 | 0.6527 | 0.6538 |
| October | 0.6554 | 0.6505 | 0.6536 |
| November | 0.6577 | 0.6483 | 0.6530 |
| December | 0.6571 | 0.6479 | 0.6520 |