2016 NZD to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NZD to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NZD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 11.3826. Conversely, the yearly low was recorded on January 19, dropping to 9.8135.
This high-to-low spread represents a total annual volatility of 1.5691 MVR. From a start-to-finish perspective, comparing the January average rate of 10.0198 to the December average rate of 10.7615, the exchange rate registered a net change of 7.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 11.3826 was down 4.89% compared to the 2015 peak of 11.9683, 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 MVR 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 10.3557, compared to 10.9279 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5722 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 0.7031 MVR (High: 11.0798 / Low: 10.3767). On the other end, February was the most stable month, with a tight range of 0.3071 MVR (High: 10.3050 / Low: 9.9979).
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 September and October, when the average rate fell by 0.2160 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2016: 11.1469) against the same month in 2015 (average: 9.6967), the exchange rate shifted by +1.4502 (+14.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.5092 | 9.8135 | 10.0198 |
| February | 10.3050 | 9.9979 | 10.1515 |
| March | 10.5773 | 10.0897 | 10.2991 |
| April | 10.7807 | 10.2464 | 10.5092 |
| May | 10.7547 | 10.2031 | 10.3909 |
| June | 11.0798 | 10.3767 | 10.7636 |
| July | 11.1209 | 10.5650 | 10.8423 |
| August | 11.1165 | 10.7512 | 10.9718 |
| September | 11.3826 | 11.0533 | 11.1469 |
| October | 11.1351 | 10.7379 | 10.9309 |
| November | 11.1875 | 10.7192 | 10.9141 |
| December | 11.0103 | 10.5757 | 10.7615 |