2017 JMD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 JMD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the JMD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 26.2973. Conversely, the yearly low was recorded on July 6, dropping to 22.5265.
This high-to-low spread represents a total annual volatility of 3.7708 MGA. From a start-to-finish perspective, comparing the January average rate of 25.4757 to the December average rate of 25.7861, the exchange rate registered a net change of 1.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 26.2973 was down 2.06% compared to the 2016 peak of 26.8507, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
JMD 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 24.6377, compared to 24.0522 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5855 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 1.8067 MGA (High: 25.6039 / Low: 23.7972). On the other end, August was the most stable month, with a tight range of 0.6166 MGA (High: 23.4455 / Low: 22.8289).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.0480 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 25.4757) against the same month in 2016 (average: 26.6567), the exchange rate shifted by -1.1809 (-4.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.2973 | 24.7890 | 25.4757 |
| February | 24.9778 | 23.7992 | 24.4809 |
| March | 25.6039 | 23.7972 | 24.7606 |
| April | 25.4405 | 24.5403 | 24.7959 |
| May | 24.8159 | 23.5782 | 24.1788 |
| June | 24.8173 | 23.3501 | 24.1341 |
| July | 23.7189 | 22.5265 | 23.0861 |
| August | 23.4455 | 22.8289 | 23.2134 |
| September | 23.3965 | 22.6809 | 23.0120 |
| October | 24.8627 | 23.2414 | 24.0384 |
| November | 25.6474 | 24.9357 | 25.1773 |
| December | 26.2162 | 25.2922 | 25.7861 |