2016 MZN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MZN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MZN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 24.4942. Conversely, the yearly low was recorded on October 4, dropping to 14.8126.
This high-to-low spread represents a total annual volatility of 9.6817 IQD. From a start-to-finish perspective, comparing the January average rate of 23.5817 to the December average rate of 16.1361, the exchange rate registered a net change of -31.57% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 24.4942 was down 33.29% compared to the 2015 peak of 36.7165, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
MZN 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 21.5032, compared to 16.0008 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5024 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was February, with a trading range of 2.1973 IQD (High: 24.2685 / Low: 22.0712). On the other end, October was the most stable month, with a tight range of 0.3444 IQD (High: 15.1570 / Low: 14.8126).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.5307 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 23.5817) against the same month in 2015 (average: 35.7360), the exchange rate shifted by -12.1543 (-34.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.4942 | 22.9836 | 23.5817 |
| February | 24.2685 | 22.0712 | 22.5456 |
| March | 22.7243 | 21.1966 | 21.7366 |
| April | 21.5661 | 20.7437 | 21.0826 |
| May | 21.5515 | 20.2916 | 20.7054 |
| June | 20.3145 | 18.4148 | 19.3676 |
| July | 18.4134 | 17.0894 | 17.8369 |
| August | 16.9985 | 15.9268 | 16.4511 |
| September | 15.9638 | 15.0060 | 15.3577 |
| October | 15.1570 | 14.8126 | 14.9848 |
| November | 15.6826 | 14.9847 | 15.2383 |
| December | 16.6537 | 15.5619 | 16.1361 |