YEARLY HIGH
0.0029 NOK
YEARLY LOW
0.0025 NOK
YEARLY AVERAGE
0.0026 NOK

2016 MGA to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MGA to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 0.0029. Conversely, the yearly low was recorded on June 8, dropping to 0.0025.

This high-to-low spread represents a total annual volatility of 0.0004 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0027 to the December average rate of 0.0026, the exchange rate registered a net change of -6.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0029 was down 3.94% compared to the 2015 peak of 0.0030, 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 14 NOK
2015 Average 13 NOK
Yearly Trough Low 12 NOK
Transaction Impact: A difference of 2.03 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0028
0.0025
JanuMarcMayJulySeptNove

MGA to NOK 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 0.0026, compared to 0.0027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0026
H2 Avg (Jul–Dec) 0.0027

Volatility Range Comparison

Volatility

The most volatile month in 2016 was July, with a trading range of 0.0003 NOK (High: 0.0029 / Low: 0.0026). On the other end, October was the most stable month, with a tight range of 0.0000 NOK (High: 0.0026 / Low: 0.0025).

July Spread (Volatile) ±0.0003
October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2016: 0.0028) against the same month in 2015 (average: 0.0025), the exchange rate shifted by +0.0003 (+11.42%).

2016 Avg (July) 0.0028
2015 Avg (July) 0.0025

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0028 0.0027 0.0027
February 0.0027 0.0027 0.0027
March 0.0027 0.0026 0.0026
April 0.0026 0.0025 0.0026
May 0.0026 0.0025 0.0026
June 0.0026 0.0025 0.0025
July 0.0029 0.0026 0.0028
August 0.0029 0.0027 0.0028
September 0.0027 0.0026 0.0027
October 0.0026 0.0025 0.0026
November 0.0026 0.0026 0.0026
December 0.0026 0.0025 0.0026