2016 SGD to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 SGD to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the SGD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 11.4337. Conversely, the yearly low was recorded on December 28, dropping to 10.5282.
This high-to-low spread represents a total annual volatility of 0.9055 MVR. From a start-to-finish perspective, comparing the January average rate of 10.6920 to the December average rate of 10.6632, the exchange rate registered a net change of -0.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 11.4337 was down 1.31% compared to the 2015 peak of 11.5852, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
SGD 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 11.0747, compared to 11.0448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0299 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was March, with a trading range of 0.4165 MVR (High: 11.3324 / Low: 10.9159). On the other end, September was the most stable month, with a tight range of 0.1665 MVR (High: 11.3289 / Low: 11.1624).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2106 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 11.2847) against the same month in 2015 (average: 11.3607), the exchange rate shifted by -0.0759 (-0.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.8575 | 10.5859 | 10.6920 |
| February | 11.0227 | 10.7388 | 10.8892 |
| March | 11.3324 | 10.9159 | 11.1267 |
| April | 11.4116 | 11.1383 | 11.2954 |
| May | 11.4068 | 11.0364 | 11.1604 |
| June | 11.4337 | 11.0795 | 11.2847 |
| July | 11.3513 | 11.1516 | 11.2517 |
| August | 11.3475 | 11.1595 | 11.2649 |
| September | 11.3289 | 11.1624 | 11.2248 |
| October | 11.1973 | 10.9205 | 11.0374 |
| November | 11.0350 | 10.6411 | 10.8268 |
| December | 10.7854 | 10.5282 | 10.6632 |