2016 CAD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 CAD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the CAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 2571.4448. Conversely, the yearly low was recorded on January 19, dropping to 2204.1259.
This high-to-low spread represents a total annual volatility of 367.3189 MGA. From a start-to-finish perspective, comparing the January average rate of 2263.8102 to the December average rate of 2497.5762, the exchange rate registered a net change of 10.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 2571.4448 was down 1.65% compared to the 2015 peak of 2614.5847, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
CAD 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: Jan–Jun) was 2411.5660, compared to 2386.8300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 24.7360 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 251.6267 MGA (High: 2495.8439 / Low: 2244.2172). On the other end, September was the most stable month, with a tight range of 64.3107 MGA (High: 2367.4303 / Low: 2303.1196).
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 168.7508 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 2531.3945) against the same month in 2015 (average: 2574.4552), the exchange rate shifted by -43.0607 (-1.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2329.9553 | 2204.1259 | 2263.8102 |
| February | 2379.5932 | 2272.8021 | 2310.4680 |
| March | 2470.1659 | 2385.2926 | 2425.6292 |
| April | 2537.6458 | 2420.8429 | 2481.5714 |
| May | 2531.8642 | 2431.4574 | 2456.5229 |
| June | 2571.4448 | 2491.0998 | 2531.3945 |
| July | 2495.8439 | 2244.2172 | 2362.6437 |
| August | 2374.8840 | 2252.1179 | 2323.1075 |
| September | 2367.4303 | 2303.1196 | 2329.4425 |
| October | 2446.0866 | 2359.9524 | 2398.5420 |
| November | 2478.7119 | 2353.6613 | 2409.6683 |
| December | 2526.1141 | 2458.7010 | 2497.5762 |