2016 NZD to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NZD to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NZD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 7.2577. Conversely, the yearly low was recorded on January 19, dropping to 6.3229.
This high-to-low spread represents a total annual volatility of 0.9348 MAD. From a start-to-finish perspective, comparing the January average rate of 6.4842 to the December average rate of 7.1044, the exchange rate registered a net change of 9.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 7.2577 was down 4.99% compared to the 2015 peak of 7.6390, 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 MAD 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 6.6036, compared to 7.0642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4606 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 0.4695 MAD (High: 6.7924 / Low: 6.3229). On the other end, August was the most stable month, with a tight range of 0.1338 MAD (High: 7.1055 / Low: 6.9717).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0798 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 7.1044) against the same month in 2015 (average: 6.6837), the exchange rate shifted by +0.4207 (+6.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.7924 | 6.3229 | 6.4842 |
| February | 6.6072 | 6.3900 | 6.4876 |
| March | 6.7094 | 6.4604 | 6.5841 |
| April | 6.7971 | 6.5321 | 6.6524 |
| May | 6.7166 | 6.5092 | 6.5727 |
| June | 6.9897 | 6.6390 | 6.8405 |
| July | 7.1685 | 6.8551 | 7.0010 |
| August | 7.1055 | 6.9717 | 7.0287 |
| September | 7.2397 | 7.0169 | 7.1007 |
| October | 7.1331 | 6.9154 | 7.0329 |
| November | 7.2467 | 7.0300 | 7.1173 |
| December | 7.2577 | 7.0016 | 7.1044 |