2016 GEL to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 GEL to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the GEL to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 1537.9984. Conversely, the yearly low was recorded on December 21, dropping to 1179.6309.
This high-to-low spread represents a total annual volatility of 358.3674 MGA. From a start-to-finish perspective, comparing the January average rate of 1318.1477 to the December average rate of 1257.6708, the exchange rate registered a net change of -4.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 1537.9984 was down 9.72% compared to the 2015 peak of 1703.6250, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
GEL 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 1385.2674, compared to 1309.6713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 75.5961 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 156.7309 MGA (High: 1537.9984 / Low: 1381.2675). On the other end, September was the most stable month, with a tight range of 19.2012 MGA (High: 1330.6868 / Low: 1311.4856).
Growth Streaks & Declines
TrendsBetween February and June, 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 174.6196 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 1489.9031) against the same month in 2015 (average: 1408.6281), the exchange rate shifted by +81.2750 (+5.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1344.4015 | 1288.6277 | 1318.1477 |
| February | 1303.8381 | 1269.8093 | 1283.1985 |
| March | 1393.9188 | 1296.6000 | 1350.9690 |
| April | 1432.2820 | 1384.3431 | 1411.2179 |
| May | 1521.6955 | 1420.7331 | 1458.1681 |
| June | 1537.9984 | 1381.2675 | 1489.9031 |
| July | 1392.4914 | 1248.2660 | 1315.2835 |
| August | 1338.3648 | 1257.4934 | 1303.2136 |
| September | 1330.6868 | 1311.4856 | 1320.4335 |
| October | 1365.1835 | 1330.0373 | 1349.5377 |
| November | 1338.1278 | 1285.5819 | 1311.8889 |
| December | 1302.4047 | 1179.6309 | 1257.6708 |