2017 ETB to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ETB to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ETB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 150.6032. Conversely, the yearly low was recorded on October 16, dropping to 112.4677.
This high-to-low spread represents a total annual volatility of 38.1355 MGA. From a start-to-finish perspective, comparing the January average rate of 145.4523 to the December average rate of 117.9300, the exchange rate registered a net change of -18.92% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 150.6032 was down 0.97% compared to the 2016 peak of 152.0817, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
ETB 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 139.4051, compared to 122.5596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.8455 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was October, with a trading range of 18.1041 MGA (High: 130.5718 / Low: 112.4677). On the other end, November was the most stable month, with a tight range of 2.5562 MGA (High: 118.1254 / Low: 115.5692).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 8.2965 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 145.4523) against the same month in 2016 (average: 151.1363), the exchange rate shifted by -5.6840 (-3.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 150.6032 | 140.4526 | 145.4523 |
| February | 142.2328 | 134.4298 | 139.0355 |
| March | 145.1510 | 134.5733 | 140.1915 |
| April | 143.3977 | 138.2499 | 140.0650 |
| May | 139.4304 | 133.2405 | 136.0455 |
| June | 139.8075 | 130.2227 | 135.6409 |
| July | 132.3268 | 124.1408 | 127.3444 |
| August | 128.3321 | 124.6272 | 127.0779 |
| September | 129.2481 | 125.6636 | 127.1277 |
| October | 130.5718 | 112.4677 | 119.4798 |
| November | 118.1254 | 115.5692 | 116.3977 |
| December | 119.1857 | 115.7397 | 117.9300 |