2017 EUR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 EUR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the EUR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3914.0182. Conversely, the yearly low was recorded on March 2, dropping to 3228.4026.
This high-to-low spread represents a total annual volatility of 685.6155 MGA. From a start-to-finish perspective, comparing the January average rate of 3488.8790 to the December average rate of 3820.7191, the exchange rate registered a net change of 9.51% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 3914.0182 was up 4.66% compared to the 2016 peak of 3739.9200, 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 2017.
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 3443.6510, compared to 3608.1751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 164.5241 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 317.7070 MGA (High: 3546.1097 / Low: 3228.4026). On the other end, May was the most stable month, with a tight range of 96.5839 MGA (High: 3513.5412 / Low: 3416.9573).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 134.5666 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 3820.7191) against the same month in 2016 (average: 3512.8474), the exchange rate shifted by +307.8717 (+8.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3550.8646 | 3411.3364 | 3488.8790 |
| February | 3476.7565 | 3239.4783 | 3354.3124 |
| March | 3546.1097 | 3228.4026 | 3409.3958 |
| April | 3563.7427 | 3386.6843 | 3430.5170 |
| May | 3513.5412 | 3416.9573 | 3460.8816 |
| June | 3610.6184 | 3450.0983 | 3517.9200 |
| July | 3500.0637 | 3330.7776 | 3412.3014 |
| August | 3570.4477 | 3434.1185 | 3504.5942 |
| September | 3611.8879 | 3512.3247 | 3560.5849 |
| October | 3671.6362 | 3554.7776 | 3617.5603 |
| November | 3819.3831 | 3671.4900 | 3733.2907 |
| December | 3914.0182 | 3739.3363 | 3820.7191 |