2016 NZD to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NZD to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NZD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 74.8992. Conversely, the yearly low was recorded on January 19, dropping to 64.7365.
This high-to-low spread represents a total annual volatility of 10.1627 CVE. From a start-to-finish perspective, comparing the January average rate of 66.4283 to the December average rate of 73.5025, the exchange rate registered a net change of 10.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 74.8992 was down 5.21% compared to the 2015 peak of 79.0154, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NZD to CVE 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 66.9420, compared to 72.0011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0591 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 4.8109 CVE (High: 69.5474 / Low: 64.7365). On the other end, August was the most stable month, with a tight range of 1.4323 CVE (High: 72.0521 / Low: 70.6198).
Growth Streaks & Declines
TrendsBetween February and April, 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 April and May, when the average rate fell by 0.8853 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 73.5025) against the same month in 2015 (average: 68.3117), the exchange rate shifted by +5.1908 (+7.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.5474 | 64.7365 | 66.4283 |
| February | 67.4430 | 64.7959 | 65.9563 |
| March | 68.7286 | 65.7040 | 66.9387 |
| April | 68.6042 | 65.7954 | 67.0248 |
| May | 67.6675 | 65.3512 | 66.1394 |
| June | 71.1949 | 67.1633 | 69.1645 |
| July | 72.8265 | 69.6866 | 71.0939 |
| August | 72.0521 | 70.6198 | 71.0735 |
| September | 73.2977 | 71.0316 | 71.8473 |
| October | 72.6371 | 70.1678 | 71.5378 |
| November | 74.0999 | 72.0772 | 72.9515 |
| December | 74.8992 | 71.2101 | 73.5025 |