2016 DKK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 DKK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the DKK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 501.5252. Conversely, the yearly low was recorded on July 29, dropping to 440.2049.
This high-to-low spread represents a total annual volatility of 61.3204 MGA. From a start-to-finish perspective, comparing the January average rate of 467.5947 to the December average rate of 472.5053, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 501.5252 was down 1.56% compared to the 2015 peak of 509.4651, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
DKK 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 480.2871, compared to 464.2362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.0508 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 41.8852 MGA (High: 482.0901 / Low: 440.2049). On the other end, October was the most stable month, with a tight range of 6.2312 MGA (High: 473.7914 / Low: 467.5601).
Growth Streaks & Declines
TrendsBetween 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 35.4725 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 493.4227) against the same month in 2015 (average: 478.3006), the exchange rate shifted by +15.1221 (+3.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 470.5083 | 463.3949 | 467.5947 |
| February | 481.1121 | 466.2498 | 473.9960 |
| March | 489.4887 | 467.2166 | 478.8048 |
| April | 489.4842 | 480.8344 | 485.0408 |
| May | 489.4145 | 478.6722 | 482.8636 |
| June | 501.5252 | 482.9362 | 493.4227 |
| July | 482.0901 | 440.2049 | 457.9502 |
| August | 462.8470 | 443.1471 | 454.6063 |
| September | 468.5330 | 454.2163 | 458.9630 |
| October | 473.7914 | 467.5601 | 471.2741 |
| November | 477.6764 | 464.9406 | 470.1185 |
| December | 481.9738 | 461.6853 | 472.5053 |