YEARLY HIGH
1910.2317 MGA
YEARLY LOW
1672.3797 MGA
YEARLY AVERAGE
1797.7889 MGA

2016 BGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 1910.2317. Conversely, the yearly low was recorded on July 29, dropping to 1672.3797.

This high-to-low spread represents a total annual volatility of 237.8521 MGA. From a start-to-finish perspective, comparing the January average rate of 1783.7987 to the December average rate of 1796.6006, the exchange rate registered a net change of 0.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1910.2317 was down 1.67% compared to the 2015 peak of 1942.7716, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 9,551,159 MGA
2015 Average 8,796,284 MGA
Yearly Trough Low 8,361,898 MGA
Transaction Impact: A difference of 1,189,260.30 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1890.8262
1715.3344
JanuMarcMayJulySeptNove

BGN to MGA Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1829.3369, compared to 1766.2408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 63.0961 points.

H1 Avg (Jan–Jun) 1829.3369
H2 Avg (Jul–Dec) 1766.2408

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 161.8121 MGA (High: 1834.1917 / Low: 1672.3797). On the other end, October was the most stable month, with a tight range of 21.2774 MGA (High: 1801.7103 / Low: 1780.4330).

July Spread (Volatile) ±161.8121
October Spread (Stable) ±21.2774

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 133.9536 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -133.9536

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 1876.2019) against the same month in 2015 (average: 1824.4989), the exchange rate shifted by +51.7029 (+2.83%).

2016 Avg (June) 1876.2019
2015 Avg (June) 1824.4989

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1795.8835 1767.8173 1783.7987
February 1835.9926 1778.5032 1808.6181
March 1865.1025 1781.9768 1825.4558
April 1862.2148 1830.1901 1845.6280
May 1861.6713 1820.4418 1836.3191
June 1910.2317 1839.7365 1876.2019
July 1834.1917 1672.3797 1742.2483
August 1760.4934 1685.3839 1729.9587
September 1781.0340 1729.5275 1747.4918
October 1801.7103 1780.4330 1792.5697
November 1817.0544 1761.2756 1788.5758
December 1833.2627 1755.2487 1796.6006