YEARLY HIGH
0.0431 JMD
YEARLY LOW
0.0372 JMD
YEARLY AVERAGE
0.0394 JMD

2016 MGA to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MGA to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 0.0431. Conversely, the yearly low was recorded on January 2, dropping to 0.0372.

This high-to-low spread represents a total annual volatility of 0.0059 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0375 to the December average rate of 0.0387, the exchange rate registered a net change of 3.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0431 was down 3.14% compared to the 2015 peak of 0.0445, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MGA based on timing:

Yearly Peak High 216 JMD
2015 Average 189 JMD
Yearly Trough Low 186 JMD
Transaction Impact: A difference of 29.45 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0424
0.0371
JanuMarcMayJulySeptNove

MGA to JMD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0382, compared to 0.0406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0382
H2 Avg (Jul–Dec) 0.0406

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 0.0039 JMD (High: 0.0431 / Low: 0.0392). On the other end, January was the most stable month, with a tight range of 0.0005 JMD (High: 0.0377 / Low: 0.0372).

July Spread (Volatile) ±0.0039
January Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0014 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2016: 0.0411) against the same month in 2015 (average: 0.0354), the exchange rate shifted by +0.0058 (+16.29%).

2016 Avg (July) 0.0411
2015 Avg (July) 0.0354

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0377 0.0372 0.0375
February 0.0386 0.0377 0.0381
March 0.0382 0.0374 0.0379
April 0.0386 0.0380 0.0383
May 0.0392 0.0383 0.0389
June 0.0389 0.0381 0.0384
July 0.0431 0.0392 0.0411
August 0.0429 0.0417 0.0420
September 0.0420 0.0410 0.0418
October 0.0411 0.0400 0.0404
November 0.0411 0.0387 0.0398
December 0.0390 0.0380 0.0387