YEARLY HIGH
0.0444 JMD
YEARLY LOW
0.0380 JMD
YEARLY AVERAGE
0.0411 JMD

2017 MGA to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MGA to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 6, valuing the pair at 0.0444. Conversely, the yearly low was recorded on January 4, dropping to 0.0380.

This high-to-low spread represents a total annual volatility of 0.0064 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0393 to the December average rate of 0.0388, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0444 was up 2.92% compared to the 2016 peak of 0.0431, 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 222 JMD
2016 Average 197 JMD
Yearly Trough Low 190 JMD
Transaction Impact: A difference of 31.83 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0439
0.0383
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 0.0406, compared to 0.0417 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.

H1 Avg (Jan–Jun) 0.0406
H2 Avg (Jul–Dec) 0.0417

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 0.0030 JMD (High: 0.0420 / Low: 0.0391). On the other end, November was the most stable month, with a tight range of 0.0011 JMD (High: 0.0401 / Low: 0.0390).

March Spread (Volatile) ±0.0030
November Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between April and July, 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 October and November, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2017: 0.0433) against the same month in 2016 (average: 0.0411), the exchange rate shifted by +0.0022 (+5.33%).

2017 Avg (July) 0.0433
2016 Avg (July) 0.0411

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0403 0.0380 0.0393
February 0.0420 0.0400 0.0409
March 0.0420 0.0391 0.0404
April 0.0407 0.0393 0.0403
May 0.0424 0.0403 0.0414
June 0.0428 0.0403 0.0414
July 0.0444 0.0422 0.0433
August 0.0438 0.0427 0.0431
September 0.0441 0.0427 0.0435
October 0.0430 0.0402 0.0416
November 0.0401 0.0390 0.0397
December 0.0395 0.0381 0.0388