2016 MXN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MXN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MXN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 64.8454. Conversely, the yearly low was recorded on November 12, dropping to 55.6064.
This high-to-low spread represents a total annual volatility of 9.2390 IQD. From a start-to-finish perspective, comparing the January average rate of 60.6107 to the December average rate of 57.2997, the exchange rate registered a net change of -5.46% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 64.8454 was down 20.55% compared to the 2015 peak of 81.6160, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
MXN 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 61.5857, compared to 60.5477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0379 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 7.4522 IQD (High: 63.0586 / Low: 55.6064). On the other end, July was the most stable month, with a tight range of 1.7910 IQD (High: 63.6876 / Low: 61.8966).
Growth Streaks & Declines
TrendsBetween May and August, 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 October and November, when the average rate fell by 3.5626 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 62.8279) against the same month in 2015 (average: 76.4562), the exchange rate shifted by -13.6283 (-17.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 63.7706 | 58.5737 | 60.6107 |
| February | 60.1302 | 57.0705 | 58.9822 |
| March | 63.0201 | 60.5587 | 61.7692 |
| April | 64.4244 | 60.9947 | 62.6806 |
| May | 64.4380 | 60.4088 | 62.6434 |
| June | 64.8454 | 61.2255 | 62.8279 |
| July | 63.6876 | 61.8966 | 62.8957 |
| August | 64.4771 | 61.7514 | 63.0822 |
| September | 63.6016 | 58.6580 | 60.7162 |
| October | 62.8622 | 59.9302 | 61.4276 |
| November | 63.0586 | 55.6064 | 57.8650 |
| December | 58.3251 | 55.9671 | 57.2997 |