YEARLY HIGH
32.4758 MGA
YEARLY LOW
26.7961 MGA
YEARLY AVERAGE
29.3119 MGA

2017 ISK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 10, valuing the pair at 32.4758. Conversely, the yearly low was recorded on August 16, dropping to 26.7961.

This high-to-low spread represents a total annual volatility of 5.6797 MGA. From a start-to-finish perspective, comparing the January average rate of 28.7287 to the December average rate of 30.7876, the exchange rate registered a net change of 7.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 32.4758 was up 7.53% compared to the 2016 peak of 30.2027, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ISK based on timing:

Yearly Peak High 162,379 MGA
2016 Average 131,899 MGA
Yearly Trough Low 133,980 MGA
Transaction Impact: A difference of 28,398.71 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

31.3727
27.7079
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 29.4575, compared to 29.1662 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2913 points.

H1 Avg (Jan–Jun) 29.4575
H2 Avg (Jul–Dec) 29.1662

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 2.8968 MGA (High: 32.4758 / Low: 29.5790). On the other end, February was the most stable month, with a tight range of 0.9757 MGA (High: 28.7858 / Low: 27.8100).

June Spread (Volatile) ±2.8968
February Spread (Stable) ±0.9757

Growth Streaks & Declines

Trends

Between August and December, 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 2.6880 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -2.6880

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2017: 31.0673) against the same month in 2016 (average: 26.4672), the exchange rate shifted by +4.6001 (+17.38%).

2017 Avg (June) 31.0673
2016 Avg (June) 26.4672

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 29.8626 27.3755 28.7287
February 28.7858 27.8100 28.2872
March 30.3730 27.9091 29.1818
April 30.5190 28.1185 29.0266
May 31.4805 29.7946 30.4534
June 32.4758 29.5790 31.0673
July 30.0669 27.3284 28.3793
August 28.6457 26.7961 28.0133
September 28.7121 27.6851 28.0999
October 29.9812 28.4480 29.1864
November 31.1497 29.8279 30.5309
December 31.5677 30.3025 30.7876