2017 ISK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
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.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
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 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |