2016 ZAR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ZAR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ZAR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 87.4727. Conversely, the yearly low was recorded on January 18, dropping to 64.5627.
This high-to-low spread represents a total annual volatility of 22.9100 IQD. From a start-to-finish perspective, comparing the January average rate of 67.1170 to the December average rate of 84.8402, the exchange rate registered a net change of 26.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 87.4727 was down 16.45% compared to the 2015 peak of 104.6914, 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 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 72.3250, compared to 83.3428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.0177 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was August, with a trading range of 8.0797 IQD (High: 87.4727 / Low: 79.3930). On the other end, February was the most stable month, with a tight range of 4.1318 IQD (High: 71.4686 / Low: 67.3368).
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 August and September, when the average rate fell by 1.9601 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 84.7127) against the same month in 2015 (average: 89.9131), the exchange rate shifted by -5.2004 (-5.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.0528 | 64.5627 | 67.1170 |
| February | 71.4686 | 67.3368 | 68.9082 |
| March | 73.6827 | 68.7949 | 70.8896 |
| April | 77.7991 | 71.4380 | 75.0393 |
| May | 77.9768 | 70.5764 | 74.2257 |
| June | 80.7450 | 75.4763 | 77.7704 |
| July | 84.0326 | 78.8689 | 81.1579 |
| August | 87.4727 | 79.3930 | 84.7127 |
| September | 86.1692 | 79.7028 | 82.7526 |
| October | 85.9861 | 81.2084 | 83.5295 |
| November | 87.2781 | 79.8923 | 83.0637 |
| December | 86.6772 | 82.3908 | 84.8402 |