2016 EUR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 EUR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the EUR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 3739.9200. Conversely, the yearly low was recorded on July 29, dropping to 3279.3031.
This high-to-low spread represents a total annual volatility of 460.6169 MGA. From a start-to-finish perspective, comparing the January average rate of 3489.0127 to the December average rate of 3512.8474, the exchange rate registered a net change of 0.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 3739.9200 was down 2.01% compared to the 2015 peak of 3816.8140, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
EUR 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 3578.4230, compared to 3454.1205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 124.3024 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 309.4101 MGA (High: 3588.7132 / Low: 3279.3031). On the other end, October was the most stable month, with a tight range of 51.9615 MGA (High: 3526.5150 / Low: 3474.5535).
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 263.1449 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 3670.2684) against the same month in 2015 (average: 3568.8253), the exchange rate shifted by +101.4431 (+2.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3511.8710 | 3453.8064 | 3489.0127 |
| February | 3589.7072 | 3472.9805 | 3538.1228 |
| March | 3652.0311 | 3484.3211 | 3572.2720 |
| April | 3646.6572 | 3575.3572 | 3610.3333 |
| May | 3646.4349 | 3556.2365 | 3590.5286 |
| June | 3739.9200 | 3598.8179 | 3670.2684 |
| July | 3588.7132 | 3279.3031 | 3407.1234 |
| August | 3449.2946 | 3296.4286 | 3382.8804 |
| September | 3491.8991 | 3379.8320 | 3418.6968 |
| October | 3526.5150 | 3474.5535 | 3506.2451 |
| November | 3560.6725 | 3451.6087 | 3496.9301 |
| December | 3585.7184 | 3432.2727 | 3512.8474 |