2017 MMK to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MMK to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MMK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 26.3622. Conversely, the yearly low was recorded on January 1, dropping to 21.9501.
This high-to-low spread represents a total annual volatility of 4.4122 IRR. From a start-to-finish perspective, comparing the January average rate of 23.3683 to the December average rate of 25.9526, the exchange rate registered a net change of 11.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 26.3622 was up 1.42% compared to the 2016 peak of 25.9931, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MMK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MMK 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 23.7139, compared to 24.8423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1284 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 2.1431 IRR (High: 24.0932 / Low: 21.9501). On the other end, April was the most stable month, with a tight range of 0.3229 IRR (High: 24.0324 / Low: 23.7096).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0454 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 25.9526) against the same month in 2016 (average: 22.2885), the exchange rate shifted by +3.6641 (+16.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.0932 | 21.9501 | 23.3683 |
| February | 23.9225 | 23.5247 | 23.6749 |
| March | 23.9896 | 23.6305 | 23.7339 |
| April | 24.0324 | 23.7096 | 23.8574 |
| May | 24.0633 | 23.6151 | 23.8120 |
| June | 24.0026 | 23.6538 | 23.8368 |
| July | 24.2123 | 23.7120 | 23.9350 |
| August | 24.5340 | 23.8739 | 24.1597 |
| September | 24.7007 | 24.2635 | 24.4771 |
| October | 25.5476 | 24.4142 | 24.9210 |
| November | 25.8040 | 25.3763 | 25.6086 |
| December | 26.3622 | 25.4525 | 25.9526 |