2018 MGA to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MGA to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MGA to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 13.3643. Conversely, the yearly low was recorded on January 2, dropping to 10.9230.
This high-to-low spread represents a total annual volatility of 2.4413 IRR. From a start-to-finish perspective, comparing the January average rate of 11.1163 to the December average rate of 11.9004, the exchange rate registered a net change of 7.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 13.3643 was up 17.98% compared to the 2017 peak of 11.3275, 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 2018.
MGA to IRR 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 11.9053, compared to 12.4318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5264 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 1.5342 IRR (High: 13.0291 / Low: 11.4949). On the other end, April was the most stable month, with a tight range of 0.2159 IRR (High: 11.7311 / Low: 11.5152).
Growth Streaks & Declines
TrendsBetween April and August, 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 0.5449 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2018: 13.0982) against the same month in 2017 (average: 11.0815), the exchange rate shifted by +2.0167 (+18.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.4768 | 10.9230 | 11.1163 |
| February | 11.9318 | 11.4419 | 11.6969 |
| March | 12.1647 | 11.6946 | 11.9041 |
| April | 11.7311 | 11.5152 | 11.6632 |
| May | 13.0291 | 11.4949 | 12.4517 |
| June | 12.8546 | 12.4062 | 12.5997 |
| July | 13.3452 | 12.5935 | 12.9458 |
| August | 13.3643 | 12.9365 | 13.0982 |
| September | 12.9454 | 12.5520 | 12.6889 |
| October | 12.5593 | 11.9948 | 12.1440 |
| November | 12.0558 | 11.5789 | 11.8132 |
| December | 12.1073 | 11.5331 | 11.9004 |