2018 ISK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 ISK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 32.9235. Conversely, the yearly low was recorded on December 12, dropping to 28.4717.
This high-to-low spread represents a total annual volatility of 4.4517 MGA. From a start-to-finish perspective, comparing the January average rate of 31.5683 to the December average rate of 29.4845, the exchange rate registered a net change of -6.60% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 32.9235 was up 1.38% compared to the 2017 peak of 32.4758, 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 2018.
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 31.6302, compared to 30.2675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3627 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was March, with a trading range of 1.9549 MGA (High: 32.7133 / Low: 30.7585). On the other end, November was the most stable month, with a tight range of 0.6484 MGA (High: 29.6154 / Low: 28.9670).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.9106 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2018: 32.2852) against the same month in 2017 (average: 29.0266), the exchange rate shifted by +3.2585 (+11.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.0240 | 30.9369 | 31.5683 |
| February | 32.2442 | 30.7970 | 31.3902 |
| March | 32.7133 | 30.7585 | 31.6726 |
| April | 32.9235 | 31.6238 | 32.2852 |
| May | 31.8751 | 30.7772 | 31.3745 |
| June | 32.1397 | 30.5894 | 31.4902 |
| July | 32.1410 | 30.8675 | 31.4047 |
| August | 31.1924 | 30.2385 | 30.7289 |
| September | 31.4216 | 29.6380 | 30.8095 |
| October | 30.7213 | 28.9924 | 29.9115 |
| November | 29.6154 | 28.9670 | 29.2660 |
| December | 30.3568 | 28.4717 | 29.4845 |