2016 ZAR to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ZAR to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ZAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 8.6036. Conversely, the yearly low was recorded on January 17, dropping to 6.6938.
This high-to-low spread represents a total annual volatility of 1.9098 RSD. From a start-to-finish perspective, comparing the January average rate of 6.9339 to the December average rate of 8.4418, the exchange rate registered a net change of 21.75% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 8.6036 was down 10.42% compared to the 2015 peak of 9.6047, 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 RSD 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 7.1573, compared to 8.0227 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8655 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was August, with a trading range of 0.7324 RSD (High: 8.2624 / Low: 7.5300). On the other end, March was the most stable month, with a tight range of 0.3484 RSD (High: 7.3587 / Low: 7.0104).
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 0.3046 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 8.4418) against the same month in 2015 (average: 7.4330), the exchange rate shifted by +1.0088 (+13.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.2484 | 6.6938 | 6.9339 |
| February | 7.3326 | 6.7673 | 7.0015 |
| March | 7.3587 | 7.0104 | 7.2018 |
| April | 7.6292 | 7.0823 | 7.4147 |
| May | 7.5313 | 6.9517 | 7.1100 |
| June | 7.5597 | 7.0373 | 7.2817 |
| July | 7.9431 | 7.5392 | 7.7366 |
| August | 8.2624 | 7.5300 | 7.9868 |
| September | 8.1171 | 7.5537 | 7.8051 |
| October | 8.2683 | 7.7849 | 8.0076 |
| November | 8.3998 | 7.9020 | 8.1586 |
| December | 8.6036 | 8.2050 | 8.4418 |