2016 CRC to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 CRC to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the CRC to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 6.1751. Conversely, the yearly low was recorded on July 29, dropping to 5.3676.
This high-to-low spread represents a total annual volatility of 0.8076 MGA. From a start-to-finish perspective, comparing the January average rate of 5.9905 to the December average rate of 6.0567, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 6.1751 was down 3.11% compared to the 2015 peak of 6.3734, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CRC based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
CRC 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 5.9698, compared to 5.7259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2440 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 0.5333 MGA (High: 5.9008 / Low: 5.3676). On the other end, January was the most stable month, with a tight range of 0.0549 MGA (High: 6.0206 / Low: 5.9657).
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 0.3844 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 6.0567) against the same month in 2015 (average: 6.0183), the exchange rate shifted by +0.0384 (+0.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.0206 | 5.9657 | 5.9905 |
| February | 5.9952 | 5.8828 | 5.9403 |
| March | 6.0855 | 5.9511 | 5.9974 |
| April | 5.9742 | 5.9131 | 5.9472 |
| May | 6.0545 | 5.8500 | 5.9269 |
| June | 6.0859 | 5.9369 | 6.0168 |
| July | 5.9008 | 5.3676 | 5.6324 |
| August | 5.5427 | 5.3818 | 5.4988 |
| September | 5.6439 | 5.5030 | 5.5375 |
| October | 5.8270 | 5.6354 | 5.7586 |
| November | 6.0569 | 5.6891 | 5.8712 |
| December | 6.1751 | 5.9970 | 6.0567 |