2017 MGA to CAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MGA to CAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MGA to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 6, valuing the pair at 0.0004. Conversely, the yearly low was recorded on December 31, dropping to 0.0004.
This high-to-low spread represents a total annual volatility of 0.0001 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0004 to the December average rate of 0.0004, the exchange rate registered a net change of -1.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 0.0004 was down 1.90% compared to the 2016 peak of 0.0005, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MGA based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MGA to CAD 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 0.0004, compared to 0.0004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 0.0000 CAD (High: 0.0004 / Low: 0.0004). On the other end, November was the most stable month, with a tight range of 0.0000 CAD (High: 0.0004 / Low: 0.0004).
Growth Streaks & Declines
TrendsBetween January and March, 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 August and September, when the average rate fell by 0.0000 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 0.0004) against the same month in 2016 (average: 0.0004), the exchange rate shifted by +0.0000 (+1.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0004 | 0.0004 | 0.0004 |
| February | 0.0004 | 0.0004 | 0.0004 |
| March | 0.0004 | 0.0004 | 0.0004 |
| April | 0.0004 | 0.0004 | 0.0004 |
| May | 0.0004 | 0.0004 | 0.0004 |
| June | 0.0004 | 0.0004 | 0.0004 |
| July | 0.0004 | 0.0004 | 0.0004 |
| August | 0.0004 | 0.0004 | 0.0004 |
| September | 0.0004 | 0.0004 | 0.0004 |
| October | 0.0004 | 0.0004 | 0.0004 |
| November | 0.0004 | 0.0004 | 0.0004 |
| December | 0.0004 | 0.0004 | 0.0004 |