2016 MGA to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MGA to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MGA to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.0059. Conversely, the yearly low was recorded on January 2, dropping to 0.0024.
This high-to-low spread represents a total annual volatility of 0.0035 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0024 to the December average rate of 0.0055, the exchange rate registered a net change of 126.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 0.0059 was up 107.51% compared to the 2015 peak of 0.0029, 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 2016.
MGA to EGP 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 0.0026, compared to 0.0036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 0.0029 EGP (High: 0.0056 / Low: 0.0028). On the other end, January was the most stable month, with a tight range of 0.0000 EGP (High: 0.0024 / Low: 0.0024).
Growth Streaks & Declines
TrendsBetween January and May, 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 September and October, when the average rate fell by 0.0001 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 0.0055) against the same month in 2015 (average: 0.0024), the exchange rate shifted by +0.0031 (+126.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0024 | 0.0024 | 0.0024 |
| February | 0.0025 | 0.0024 | 0.0025 |
| March | 0.0028 | 0.0024 | 0.0026 |
| April | 0.0028 | 0.0028 | 0.0028 |
| May | 0.0028 | 0.0027 | 0.0028 |
| June | 0.0027 | 0.0027 | 0.0027 |
| July | 0.0030 | 0.0028 | 0.0029 |
| August | 0.0030 | 0.0029 | 0.0029 |
| September | 0.0029 | 0.0029 | 0.0029 |
| October | 0.0029 | 0.0028 | 0.0028 |
| November | 0.0056 | 0.0028 | 0.0048 |
| December | 0.0059 | 0.0053 | 0.0055 |