2019 ISK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 ISK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the ISK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 30.5564. Conversely, the yearly low was recorded on December 16, dropping to 19.8309.
This high-to-low spread represents a total annual volatility of 10.7255 MGA. From a start-to-finish perspective, comparing the January average rate of 29.7364 to the December average rate of 29.5493, the exchange rate registered a net change of -0.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 30.5564 was down 7.19% compared to the 2018 peak of 32.9235, 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 2019.
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 29.6219, compared to 29.6637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0418 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was December, with a trading range of 10.6844 MGA (High: 30.5153 / Low: 19.8309). On the other end, May was the most stable month, with a tight range of 0.7374 MGA (High: 30.0712 / Low: 29.3338).
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 May and June, when the average rate fell by 0.4106 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2019: 29.9681) against the same month in 2018 (average: 30.8095), the exchange rate shifted by -0.8414 (-2.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.1738 | 29.1281 | 29.7364 |
| February | 30.3958 | 28.8935 | 29.5131 |
| March | 30.4066 | 28.9962 | 29.5519 |
| April | 30.5427 | 29.2389 | 29.9924 |
| May | 30.0712 | 29.3338 | 29.6742 |
| June | 29.7142 | 28.7533 | 29.2636 |
| July | 30.3570 | 28.6031 | 29.1869 |
| August | 30.2055 | 29.4024 | 29.8043 |
| September | 30.5564 | 29.2898 | 29.9681 |
| October | 30.1358 | 29.2135 | 29.5977 |
| November | 30.4446 | 29.3428 | 29.8759 |
| December | 30.5153 | 19.8309 | 29.5493 |