Historical Year Data · 2016
M1 Velocity in 2016
M1 Velocity opened 2016 at 5.86 and closed at 5.69, a -2.95% move for the year. The high of 5.86 was reached on January 1, and the low of 5.69 on October 1.
Open
5.86
2016-01
Close
5.69
4 data points
High
5.86
Jan 1
Low
5.69
Oct 1
Full Year Change
-2.95%
2015 Change
-0.40%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 5.86 | 5.86 | 5.86 | 5.86 | +0.00% |
| Apr | 5.75 | 5.75 | 5.75 | 5.75 | +0.00% |
| Jul | 5.71 | 5.71 | 5.71 | 5.71 | +0.00% |
| Oct | 5.69 | 5.69 | 5.69 | 5.69 | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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