2014 ISK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 ISK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 22.5704. Conversely, the yearly low was recorded on January 13, dropping to 19.3955.
This high-to-low spread represents a total annual volatility of 3.1748 MGA. From a start-to-finish perspective, comparing the January average rate of 19.5827 to the December average rate of 20.7559, the exchange rate registered a net change of 5.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 22.5704 was up 15.46% compared to the 2013 peak of 19.5490, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
ISK 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 20.6640, compared to 21.6929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0289 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was December, with a trading range of 1.2550 MGA (High: 21.5501 / Low: 20.2951). On the other end, March was the most stable month, with a tight range of 0.3307 MGA (High: 20.9838 / Low: 20.6531).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.1688 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2014: 22.3403) against the same month in 2013 (average: 18.4377), the exchange rate shifted by +3.9026 (+21.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.8665 | 19.3955 | 19.5827 |
| February | 20.7650 | 19.9078 | 20.3380 |
| March | 20.9838 | 20.6531 | 20.7944 |
| April | 21.2646 | 20.7161 | 21.0033 |
| May | 21.2960 | 20.9221 | 21.1058 |
| June | 21.3986 | 20.8754 | 21.1598 |
| July | 21.7603 | 21.2787 | 21.5195 |
| August | 21.9610 | 21.3692 | 21.7542 |
| September | 22.0529 | 21.4691 | 21.8624 |
| October | 22.5704 | 21.9871 | 22.3403 |
| November | 22.1326 | 21.6597 | 21.9247 |
| December | 21.5501 | 20.2951 | 20.7559 |