2016 TRY to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TRY to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TRY to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 34.8149. Conversely, the yearly low was recorded on December 28, dropping to 29.0674.
This high-to-low spread represents a total annual volatility of 5.7475 CVE. From a start-to-finish perspective, comparing the January average rate of 33.8185 to the December average rate of 29.8697, the exchange rate registered a net change of -11.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 34.8149 was down 16.50% compared to the 2015 peak of 41.6968, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
TRY 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 33.8449, compared to 32.2222 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6228 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 2.0405 CVE (High: 32.1992 / Low: 30.1586). On the other end, March was the most stable month, with a tight range of 0.6554 CVE (High: 34.7352 / Low: 34.0798).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.4984 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 33.8185) against the same month in 2015 (average: 40.4818), the exchange rate shifted by -6.6633 (-16.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 34.8149 | 33.1494 | 33.8185 |
| February | 34.3920 | 33.1872 | 33.7501 |
| March | 34.7352 | 34.0798 | 34.4254 |
| April | 34.6112 | 33.8671 | 34.3114 |
| May | 34.4702 | 32.5584 | 33.0854 |
| June | 34.5694 | 33.3072 | 33.6788 |
| July | 34.4793 | 32.5653 | 33.5366 |
| August | 33.5209 | 32.7904 | 33.2271 |
| September | 33.6422 | 32.7684 | 33.1482 |
| October | 32.9697 | 32.1909 | 32.5248 |
| November | 32.1992 | 30.1586 | 31.0264 |
| December | 30.2705 | 29.0674 | 29.8697 |