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2017 PHP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PHP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 68.0362. Conversely, the yearly low was recorded on August 16, dropping to 56.7832.
This high-to-low spread represents a total annual volatility of 11.2530 MGA. From a start-to-finish perspective, comparing the January average rate of 65.9736 to the December average rate of 64.1610, the exchange rate registered a net change of -2.75% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 68.0362 was down 4.15% compared to the 2016 peak of 70.9796, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
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PHP to MGA 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: JanâJun) was 63.7324, compared to 60.2988 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 3.4336 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was June, with a trading range of 5.2505 MGA (High: 65.1036 / Low: 59.8531). On the other end, October was the most stable month, with a tight range of 1.9881 MGA (High: 61.2952 / Low: 59.3071).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 4.3975 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 65.9736) against the same month in 2016 (average: 67.5768), the exchange rate shifted by -1.6032 (-2.37%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 68.0362 | 63.9555 | 65.9736 |
| February | 64.8757 | 60.9782 | 63.0523 |
| March | 65.6348 | 61.0038 | 63.4535 |
| April | 65.8374 | 63.3918 | 64.2611 |
| May | 64.1032 | 61.5390 | 62.8076 |
| June | 65.1036 | 59.8531 | 62.8461 |
| July | 60.8737 | 57.1821 | 58.4485 |
| August | 59.5143 | 56.7832 | 58.1929 |
| September | 59.8615 | 57.7117 | 58.6300 |
| October | 61.2952 | 59.3071 | 59.9221 |
| November | 64.1174 | 61.5194 | 62.4382 |
| December | 65.2702 | 63.0704 | 64.1610 |