2016 ZAR to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ZAR to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ZAR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 5.0830. Conversely, the yearly low was recorded on January 18, dropping to 4.0718.
This high-to-low spread represents a total annual volatility of 1.0112 AFN. From a start-to-finish perspective, comparing the January average rate of 4.2153 to the December average rate of 4.7931, the exchange rate registered a net change of 13.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 5.0830 was up 0.41% compared to the 2015 peak of 5.0624, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
ZAR to AFN 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 4.4654, compared to 4.7778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3124 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was August, with a trading range of 0.5328 AFN (High: 5.0830 / Low: 4.5502). On the other end, December was the most stable month, with a tight range of 0.2117 AFN (High: 4.9313 / Low: 4.7195).
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 April and May, when the average rate fell by 0.1980 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 4.8898) against the same month in 2015 (average: 4.8941), the exchange rate shifted by -0.0043 (-0.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.4190 | 4.0718 | 4.2153 |
| February | 4.5473 | 4.2467 | 4.3594 |
| March | 4.6472 | 4.3259 | 4.4597 |
| April | 4.8064 | 4.4994 | 4.6858 |
| May | 4.8158 | 4.3592 | 4.4878 |
| June | 4.7773 | 4.4070 | 4.5843 |
| July | 4.9421 | 4.6366 | 4.7716 |
| August | 5.0830 | 4.5502 | 4.8898 |
| September | 4.9273 | 4.5730 | 4.7356 |
| October | 4.8667 | 4.5956 | 4.7297 |
| November | 4.9669 | 4.5867 | 4.7471 |
| December | 4.9313 | 4.7195 | 4.7931 |