2016 MGA to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MGA to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MGA to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 7.6048. Conversely, the yearly low was recorded on December 29, dropping to 6.7144.
This high-to-low spread represents a total annual volatility of 0.8904 VND. From a start-to-finish perspective, comparing the January average rate of 6.9761 to the December average rate of 6.8091, the exchange rate registered a net change of -2.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 7.6048 was down 8.37% compared to the 2015 peak of 8.2992, 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 VND 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 6.9687, compared to 7.1208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1521 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 0.6774 VND (High: 7.6048 / Low: 6.9274). On the other end, April was the most stable month, with a tight range of 0.0574 VND (High: 7.0415 / Low: 6.9841).
Growth Streaks & Declines
TrendsBetween 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 0.2932 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2016: 7.2560) against the same month in 2015 (average: 6.6436), the exchange rate shifted by +0.6125 (+9.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.0188 | 6.9148 | 6.9761 |
| February | 7.0978 | 6.9319 | 7.0045 |
| March | 7.0118 | 6.8676 | 6.9556 |
| April | 7.0415 | 6.9841 | 7.0070 |
| May | 7.1151 | 6.8817 | 7.0236 |
| June | 6.8966 | 6.7847 | 6.8456 |
| July | 7.6048 | 6.9274 | 7.2560 |
| August | 7.5500 | 7.3175 | 7.3867 |
| September | 7.3580 | 7.1855 | 7.3175 |
| October | 7.1858 | 6.9328 | 7.0243 |
| November | 7.0908 | 6.8055 | 6.9311 |
| December | 6.8922 | 6.7144 | 6.8091 |