2016 PEN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 PEN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the PEN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 358.3718. Conversely, the yearly low was recorded on February 28, dropping to 307.7782.
This high-to-low spread represents a total annual volatility of 50.5936 IQD. From a start-to-finish perspective, comparing the January average rate of 317.8622 to the December average rate of 346.2781, the exchange rate registered a net change of 8.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 358.3718 was down 9.50% compared to the 2015 peak of 395.9700, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
PEN 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 329.0935, compared to 346.5734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.4799 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 22.0685 IQD (High: 354.0309 / Low: 331.9624). On the other end, February was the most stable month, with a tight range of 5.4355 IQD (High: 313.2137 / Low: 307.7782).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 7.3067 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 353.4193) against the same month in 2015 (average: 374.6030), the exchange rate shifted by -21.1837 (-5.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 322.6263 | 312.8269 | 317.8622 |
| February | 313.2137 | 307.7782 | 310.5555 |
| March | 327.4287 | 308.9225 | 319.8278 |
| April | 340.9071 | 321.0589 | 331.9151 |
| May | 354.0309 | 331.9624 | 340.9811 |
| June | 358.3718 | 350.0564 | 353.4193 |
| July | 356.7914 | 347.9452 | 353.6262 |
| August | 353.2136 | 343.8134 | 349.8705 |
| September | 348.1077 | 342.4388 | 344.7890 |
| October | 346.9600 | 340.5910 | 343.6491 |
| November | 345.9327 | 337.1890 | 341.2276 |
| December | 354.3480 | 337.2762 | 346.2781 |